Paloma del Val Tolosana – GC Powerlist
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Iberia 2016

Paloma del Val Tolosana

General secretary and head of legal | Fundación Microfinanzas BBVA

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Iberia 2016

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Paloma del Val Tolosana

General secretary and head of legal | Fundación Microfinanzas BBVA

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‘It is an honour to provide corporate legal advisory services related to such a life-enhancing purpose. It enables me to feel I am doing something to help the economic, social and personal development of our customers’ says Paloma del Val Tolosana. ‘We are fighting against poverty and vulnerability, to encourage growth and progress in the countries where we operate’. Del Val Tolosana heads all legal operations of Fundación Microfinanzas BBVA, the non-profit institution that focuses on the fight against financial exclusion, by promoting inclusive and sustainable economic and social development for the least well-off. Before assuming her current role, del Val Tolosana had led the legal department of BBVA’s Institutional legal advisory service for nearly 10 years. Currently she coordinates a total of 50 in-house lawyers in eight jurisdictions and she feels very privileged to have the opportunity to deal with eight different legal systems, despite the challenges that this brings. Since joining Fundación Microfinanzas her contribution has been felt both inside and outside the company, as her innovative reforms have revolutionised the in-house legal function. She implemented leading-edge corporate governance practices and created the new code of corporate governance, which contains the latest international corporate governance developments. The foundation’s annual report was shortlisted among “The 10 best initiatives in transparency, accountability and good governance in 2014” by the journal Compromiso Empresarial, for developing and fostering a methodology that has had an impact on the entire microfinance sector. Del Val Tolosana also takes pride in her legal team’s work for the launch of a digital quarterly journal, Progreso, containing the latest pertinent legislation and regulations in the industry.

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