The president Mutua Madrileña, Ignacio Garraldawas awarded the title of Honorary Academician Royal Academy of Economics and Finance (RACEF), an institution belonging to the Institute of Spain, the greatest representative of Spanish culture in the academic order, to which all the Spanish royal academies belong.

RACEF honors with this award the professional career of Garralda and his contributions to financial and business innovationwith the implementation of initiatives that meant important successes for the companies he led, thus anticipating economic and social changes.

The appointment ceremony for the title of Honorary Academician took place during the opening of the 2023-2024 academic year. Royal Academy of Economics and Financethe only one of the Spanish royal academies whose headquarters are in Barcelona.

During the admission ceremony, Ignacio Garralda made a speech: “New challenges for the company in the face of a new society” Among other things, the President of Mutua Group touched on social and economic changes, which, in his opinion, are imposing a new model of relations between the company and society, giving more and more relevance for corporate social responsibility and sustainability in business management.

“The greater involvement of companies in developing a more integrated and prosperous society over the past two decades has given way to a much more demanding role in what citizens expect of them, according to the president of Mutua Group. “. “Values ​​that were not previously valued as highly as e.g. transparency, exemplary and meritocracytoday they are considered essential,” he added.

The role of managers

According to Ignacio Garralda, “we are company managers who must earn the trust of society; and this can only be achieved with the help level of transparency in management this assures citizens that the company’s stated value system matches the reality of the facts.”

In addition, the Mutua Group President also insisted that companies should focus more on improving people’s lives and contributing to the betterment of society. “And one way to do this is to promote equal opportunities”, he assured.

After Garralda’s intervention, he made a response speech on behalf of the institution: Manuel Pizarro, actual academician of RAKEF. In addition to the corporation’s scientists, the event was also attended by various figures from the business and financial world, such as Gonzalo GortazarCEO KaishaBank; Salvador AlemanyThe president Saba Infrastructure; Jose CreuerasThe president Planet Group; Thomas Muniesavice president KaishaBank; Juan Sanchez-CaleroThe president Endesaor economist Ramon Tamamesamong the others.