Board of Directors

BOARD OF DIRECTORS

A plural, independent body that constanstly renews itself and oversees the body strategy.

See updated composition.

The Board of Directors, which has the broadest powers and authority to administer and represent the Company, focus its activities on the definition and supervision of the general strategy of the Company, including the approval of the corporate policies — which include the environmental, the social and the corporate governance and regulatory compliance policies — in accordance with Article 13 of the Regulations of the Board of Directors [PDF] External link, opens in new window..

It also entrusts the organisation and strategic coordination functions to the chairman and chief executive officer and to the management team, who disseminate, implement and supervise the general strategy defined by the Board of Directors pursuant to the to the Governance and Sustainability System.

In addition, the Board of Directors has created an Executive Committee and four consultative committees: the Audit and Risk Supervision Committee, the Appointments Committee, the Remuneration Committee, and the Sustainable Development Committee.

Within the context of Iberdrola's ongoing exercise in transparency and communication with shareholders and the markets, the Company publishes the Activities Report of the Board of Directors and of the Committees thereof [PDF] External link, opens in new window., which integrates information regarding the Board of Directors, the Executive Committee, the Audit and Risk Supervision Committee, the Appointments Committee, the Remuneration Committee and the Sustainable Development Committee.

BOARD OF DIRECTORS STRUCTURE

The following chart shows the proportion of the different types of directors inside the Board of Directors and its consultative commissions:

IB_Infografia_Estructura_Consejo

 Infographic: Board of Directors structure [PDF] External link, opens in new window.

All members of the Board of Directors are external directors, except for the chairman and chief executive officer, Mr Ignacio Sánchez Galán.

The Board of Directors has a first vice-chair, Mr Juan Manuel González Serna — who also chairs the Remuneration Committee and is lead director, pursuant to article 26 of the Regulations of the Board of Directors [PDF] — and has a second vice-chair, Mr Anthony L. Gardner; both of them independent directors.

The positions of counsel to the Board of Directors and secretary of each of its consultative committees, are held by well-respected outside lawyers, which ensures their independence and enriches debate and the exchange of viewpoints at the meetings of the Board of Directors and its committees.

The members of the Board of Directors are classified as executives, independents and other externals according to the definitions established in the Spanish Companies Act (Ley de Sociedades de Capital).

Here you can check more information on the different classes of directors (Spanish Companies Act)

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