La privatización de las cajas de ahorros y el papel de la comisión de obra social.

Royal Decree-Law 11/2010 of 9 July 2010 reformed the legal status of savings banks. It designed a new organizational model that is based largely on giving the savings banks the possibility of opting between conducting all their financial activities through a bank, controlled by them if they hold at least 50% of its capital, or in certain cases of becoming a special type of foundation and transferring their financial business to a bank. However, whichever business model the saving bank adopts it is always intended to continue its social work, which will sometimes be done through a new committee, called the social work committee (comisión de obra social). This committee, which seems destined to play a key role in maintaining the objectives of the savings banks, demonstrates the significance of this fundamental characteristic. [ABSTRACT FROM AUTHOR]