His stage-by-stage form of governance

While it is true that during the fifty years Luis Valls led Banco Popular, he maintained a very consistent and personal approach to banking, with sustained criteria based on principles of solvency, efficiency, profitability, transparency, and independence, it is also true that the circumstances and context of each era required adaptation and the implementation of specific changes. These can be summarized in a governance model with five phases. Ángel Ron, who succeeded him as the bank’s chairman, wrote about Luis Valls’ governance of the bank ¹, outlining these five stages, which we summarize below: In 1956, Fernando Camacho Baños was appointed chairman of Banco Popular, and a year later, Luis Valls (at only 31 years old of age) became executive vice-chairman. Those close to him claim he liked this position, being comfortable in the background while acting as the true executive without appearing as such. This is how the first stage began.
Refer to: Stages 1 and 2 – Stage 3 – Stages 4 and 5.