Legal

Editorial independence

Last revised: internal draft, November 2026.

Notice: this text describes Foro's editorial commitment as the product works today. Before launch it will be reviewed by a qualified professional along with the rest of the legal structure.

The principle, in one sentence

Being a Foro customer neither buys coverage nor loses it. Whether Foro covers a company, what its profile says and which questions it receives never depends on whether that company pays, has paid or is negotiating to pay for any Foro product or service.

How it works today

The profile comes from official documents. Foro builds it from what the company publishes (inside information and other relevant information filed with the CNMV, accounts, investor presentations), with the same process for every company, and every figure carries its source. The company can validate figures on its profile or ask for corrections; any change is always checked against the official document.
Foro drafts the answers and, if the company is on Foro, it can review them. Foro drafts each answer with the help of artificial intelligence and only from the company's official documents. If the company has a team on Foro, that team can approve it, complete it, replace it with its own answer or not publish it. Nothing the company approves or writes is published until the Foro team has reviewed it. If the company is not on Foro, the Foro team reviews the answer directly.
You always see who answers. Every answer shows whether it comes from Foro, with its sources, or from the company. A company answer is never presented as a Foro answer.
Which companies get covered follows what investors ask for and Foro's focus (Spanish companies, listed and private), not individual commercial deals.

Commercial relationship with companies

Foro offers, or may offer, companies paid tools: their panel, with the audience of their profile, the shareholder channel and question management. Buying them never means:

That the profile says something its official documents do not.
That a company answer is shown as a Foro answer.
That Foro stops covering a company if it decides not to buy anything.

How to tell us we got it wrong

If you spot content you think breaks this independence (a profile with promotional language, a legitimate question that went unanswered, any sign of uneven treatment) write to us at [PENDING: editorial contact email]. We commit to looking into it.

This is a translation provided for convenience. The Spanish version is the one that governs.