27% of companies have a technology advisory committee or board reporting to their board of directors.

According to the findings of the report "Technology and Corporate Governance in Spain 2025," prepared by the strategy and M&A firm xvalue Consulting Partners, 27% of companies already have a technology advisory committee or board.

The report also highlights that, in just two years, the number of companies with a technology committee has increased from 4% to 14%, while another 14% have created an advisory board to address this issue. Furthermore, 50% of board members believe the best way to address these issues would be through the creation of a technology committee (23%) or an advisory board (27%), suggesting a growing trend in the number of these governing bodies in Spanish companies.

Javier Morgado, CEO & Managing Partner of xvalue, highlights the need to adapt corporate governance bodies to the growing importance of technology.

The report, presented at ESADE, is based on a survey of 168 board members . Of these, 18% belong to listed companies; another 18% to family businesses; 14% to investment fund companies; and another 14% to startups. Finally, 4% are from IBEX 35 companies. By sector, 21% of the board members are in companies in the service sector; 20% in industry; 23% in banking and insurance; 5% in energy; 5% in healthcare; and the remaining 25% are board members from other sectors.

Over the past two years, the percentage of boards of directors that have allocated budgets for AI initiatives has increased, rising from 23% in 2024 to 38% in 2025. According to the report, 63% of companies have already activated investments in Artificial Intelligence (AI) by 2025.

At the same time, the percentage of companies that did not yet have specific AI plans was observed to decline, from 45% in 2024 to just 29% in 2025. This data reflects a clear trend toward companies materializing their investments in AI .

According to the xvalue report, 54% of companies that have approved investments in AI have prioritized customer relations; 52% have prioritized back-office processes; 30% have prioritized technology; 21% have prioritized product development processes; and, to a lesser extent, have also invested in areas such as logistics, production, and R&D.

A significant increase is observed in the percentage of companies where technology-related topics are addressed regularly or at some point. In 2025, this percentage stood at 61%, while in 2024 it was only 28%. This represents one of the clearest developments compared to the previous report.

There has also been an increase in the creation of technology-related governing bodies. The number of companies with a technology committee increased from 4% in 2023 to 14% in 2025. Additionally, another 14% of companies had created an advisory board to address technology issues by 2025.

In 2025, 45% of boards still did not have any technology profiles. This figure contrasts slightly with the 51% recorded in the 2024 report and the 47% in 2023. This indicates a slight decrease in the percentage of boards without technology profiles over these three years. Despite this modest evolution in board composition, it is important to note that in 2025, 88% of directors responded that it would be important to have this profile within the board.

This data underscores a growing awareness of the importance of technological expertise in governing bodies, even though its effective incorporation has not advanced dramatically during the period analyzed.