Company board corrupt in Spanish location (7)
I believe the answer is:
cordoba
'location' is the definition.
(Cordoba is an example)
'company board corrupt in spanish' is the wordplay.
I cannot quite understand how this works, but
'company' could be 'co' (abbreviation) and 'co' is found in the answer.
an anagram of 'board' is 'rdoba' which is located in the answer.
No letters remain.
This may be the basis of clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for cordoba that I've seen before include "City in southern Spain and Spanish explorer" , "ready for Nicaragua?" , "Spanish destination" , "spending unit in Nicaragua" , "Moorish city" .)