Lawyer · Professor · IE University · Director · IE-Elecnor Knowledge Hub on Ethical Business

Gobernanza ética
para decisiones
complejas en la
economía digital.

Board Governance · Ethics · Digital Economy

Independent advisor to boards and executive teams in complex regulatory and technological environments.

Who I work with

Boards under regulatory pressure.

Fintech and regulated digital platforms (MiCA, DLT Pilot, sandbox).

Companies entering AI, tokenisation or advanced sustainability.

Schedule a 30-minute conversation

"Trust is not a compliance output.
It is the architecture of the organisation."

30+

Years in senior
executive positions

Continents of
operational experience

Professor · Director
IE-Elecnor Knowledge Hub

The differential triangle

Real corporate experience

GC · CLO · CCO · Management Board · 1990–2017

Academic authority

IE Law School · IE Business School · IE-Elecnor Knowledge Hub

Technological frontier

RealFund · Blockberg UK · GBA España · Qualified Spain & E&W

How I can help

Advisory · Governance
Compliance · Digital Assets

Three forms of collaboration, depending on the project type and where the organisation stands.

Advisory to boards and senior leadership

Governance in complex regulatory environments

Business ethics and corporate culture

Oversight of emerging technologies and AI

Strategic projects

Governance for fintech and digital assets

AI governance and emerging technologies

Ethical framework design for innovation

Conferences and training

Keynote talks at business and academic forums

Board-level programmes

Strategic sessions for executive teams

What I resolve

Cuando la gobernanza
no aguanta la presión.

Three scenarios where regulatory, technological or trust complexity exceeds conventional control structures.

When governance cannot withstand the pressure

Corruption crises, internal investigations, international monitorships. I design compliance and governance architectures that withstand scrutiny from regulators and auditors across 10+ jurisdictions.

Crisis & InvestigacionesMonitorías DOJGovernance Design

When regulation is ahead of your model

MiCA, DLT Pilot, CNMV sandbox, CSRD, ESRS, CS3D. I translate complex regulatory frameworks into concrete business decisions — not just documents.

MiCA · DLT PilotCSRD · ESRSSandbox CNMV

When technology opens a gap in your control model

Blockchain, asset tokenisation and AI governance. We define decision structures, roles and accountability where classical internal control frameworks fall short.

BlockchainTokenización RWAAI Governance

See concrete cases →

Why me

The bridge between
governance and innovation.

Very few people combine real corporate experience in multinationals, high-level academic activity and practical work with emerging technology.

01 · Corporate experience

30 years in multinationals

From Arthur Andersen, Price Waterhouse and Freshfields to Dell, Tyco, Nokia Siemens, Millicom and the Management Board of VimpelCom (NASDAQ, $13.5bn). Corruption crises under DOJ monitorship.

02 · Academic authority

Research and teaching at IE

Professor at IE Law School and IE Business School. Academic Director of the IE-Elecnor Knowledge Hub on Ethical Business. Regular speaker at European forums on regulation, ethics and AI.

03 · Technological frontier

Blockchain and digital economy

Co-founder of RealFund, the first Spanish tokenisation platform approved in the CNMV Fintech Sandbox. GBA Spain Regional Director. Adviser on digital asset projects in Spain, Europe and the Middle East.

How I typically work

With boards and
executive teams.

Initial conversation

A brief conversation with whoever leads the situation — board chair, CEO, GC or CCO — to understand the context, real tensions and the regulatory or technological framework at stake.

Strategic clarity

I help structure the problem and the decisions that need to be made: what is really at stake, what risks exist and what options the organisation has.

Accompaniment

When needed, I accompany the board or executive team in defining the governance architecture, making key decisions and engaging with regulators or key stakeholders.

Selected experience

Cases that shaped
the practice.

Three decades at the frontier of governance crises, regulatory innovation and organisational transformation.

Telecommunications · EMEA

Corruption crisis at a NASDAQ multinational

DOJ monitorship · 10+ jurisdictions · Management Board

Monitorship completed

Situación

A $13.5bn telecoms group facing a serious bribery and corruption crisis across multiple jurisdictions under DOJ investigation.

Trabajo realizado

Management Board member. Oversaw the design and implementation of the post-crisis compliance architecture, managing the tension between US enforcement expectations and European operational realities.

Resultado

Full monitorship compliance. Global programme restructured across 10+ jurisdictions.

Fintech · Spain · CNMV

First debt tokenisation in the CNMV Sandbox

RWA tokenisation · DLT Pilot · First cohort

First cohort approval

Situación

Regulatory gap in Spain for real world asset tokenisation. Need for legal structure under the DLT Pilot Regime and Spanish securities law.

Trabajo realizado

Co-founder and lead on legal and regulatory design. Full legal structure, investor documentation and regulatory interaction framework with the CNMV.

Resultado

First cohort approval in the CNMV Fintech Sandbox. Regulatory precedent in Spain.

Technology · Global operations

Culture transformation in a crisis-hit technology group

Distributed governance · 3 regions · Corporate values

3 regions · Board reporting

Situación

Large technology company operating in volatile markets with conventional control models that did not reflect organisational reality.

Trabajo realizado

Values-based culture transformation programme. Replacement of conventional hierarchies with distributed governance models. Redesign of how the organisation made decisions, allocated accountability and measured integrity.

Resultado

Adopted across three operating regions. Embedded in board reporting and performance metrics.

Ideas & Articles

Structured thinking
on ethical governance.

A curated selection of articles and reflections published in the IE-Elecnor Knowledge Hub on Ethical Business and other academic platforms.

Wolters Kluwer · 2020

The Importance of Corporate Culture in Compliance Risk Prevention

Challenges and ideas for implementing an ethical culture. Published in 'Criminal Risk Map and Crime Prevention in Business'.

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Aranzadi · Actualidad Compliance 2018

How and Why to Create an Ethical Culture in Organizations

Published in Actualidad Compliance 2018 (1st edition), Thomson Reuters Aranzadi.

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IE-Elecnor Knowledge Hub on Ethical Business

Academic Director · More articles and resources

Research, debates and content on corporate ethics and responsible innovation.

→ View all

In the Media

A recognised voice in
governance and ethics.

Conferences, interviews and publications at the intersection of business ethics, governance and technological innovation.

Press & Publications

IE Law School

The compliance profession when behaviour actually changes

IESE Insight

From compliance director to architect of ethical culture

IE Law School

"Compliance must help companies introduce controls..."

ABC Content Factory

Challenging corruption: the power of ethical culture and governance

IESE Insight

How to foster whistleblowing in organisations

IE-Elecnor Knowledge Hub

Interview: Academic Director of the IE-Elecnor Observatory

LegalCripto

Legal challenges and structures of DAOs

Inkietos

Encounter with Enrique Aznar — Ethics Governance, Risk & Compliance

IE-Elecnor Knowledge Hub

IE-Elecnor Observatory appoints Enrique Aznar Academic Director

UNIR

How to build an ethical culture in your company

ASCOM

Recommendations to senior management on compliance implementation

Videos & Podcast

YouTube

Digital assets: tokenisation and governance

YouTube · GA_P

GA_P Talks | Present and future of crypto-assets