Audit and Risk Supervision Committee

Effective supervision of risk management and financial information.

The Audit and Risk Supervision Committee is an internal organ of the Board of Directors, with no executive powers, which was created for informational and consulting purposes and which has duties to inform, advise, and propose within its sphere of activities.

This Committee, which has operated on a voluntary basis since October 1998 and, is required for listed companies since the entry into force of the Law 44/2002, of November 2002, and is governed by the provisions of Article 39 of the By-Laws, of Article 31 of the Regulations of the Board of Directors [PDF] External link, opens in new window. and by the Regulations of the Audit and Risk Supervision Committee [PDF] External link, opens in new window.

The directors making up the Audit and Risk Supervision Committee are:

Pictures by Fernando Gómez Larrea (row 1), Rafael Sámano and Estanis Núñez (row 3) and José Antonio Rojo (row 4).

 See the powers of the Audit and Risk Supervision Committee. [PDF] External link, opens in new window.

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.

Pursuant to Article 26.9 of the Regulations of the Audit and Risk Supervision Committee, the Board of Directors approves the Basic Regulations for the Internal Audit Function [PDF] External link, opens in new window., which governs the nature, activities, organisation, operations, competencies, powers and duties of the Company’s Internal Audit function, which functionality reports to the Audit and Risk Supervision Committee.