In accordance with the Boards of Directors Diversity and Member Selection Policy, the selection of candidates for Board directorship is based on a prior analysis of needs, in order to guarantee the diversity of skills, knowledge, experience, origins, nationalities, age and gender in its composition and, in particular, to avoid any type of bias that might hinder the appointment of female directors.

The current composition of the Board of Directors of Iberdrola, S.A. is balanced, made up of an ample majority of independent directors, with highly qualified and professional experience, and reflects a clear commitment to such diversity.

All members of the Board of Directors are external directors except the Chairman, Mr. José Ignacio Sánchez Galán, and the CEO, Mr. Armando Martínez Martínez, who are classified as executive directors.

In addition, the Board of Directors has a first vice-chairman, Mr. Juan Manuel González Serna —who also chairs the Remuneration Committee and is coordinating director, with the powers provided for in the Regulations of the Board of Directors [PDF]— and a second vice-chairman, Mr. Anthony L. Gardner, both qualified as independent directors.

The members of the Board of Directors are classified as executive, independent and other external in accordance with the definitions set out in the Capital Companies Act.

Furthermore, the posts of legal adviser to the Board of Directors and secretary of each of its consultative committees are held by external lawyers of recognised prestige, which guarantees their independence of judgement and enriches the debate and exchange of views at meetings of the Board of Directors and its committees.