AUDIT AND RISK SUPERVISION COMMITTEE
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] and by the Regulations of the Audit and Risk Supervision Committee [PDF].
The directors making up the Audit and Risk Supervision Committee are:
|MEMBERS||CURRICULUM VITAE||TITLE||TYPE OF DIRECTOR|
|Mr Xabier Sagredo Ormaza [PDF]||Chairperson||External Independent|
|Mr José Walfredo Fernández [PDF]||Member||External Independent|
|Ms Regina Helena Jorge Nunes [PDF]||Member||External Independent|
|Mr Rafael Sebastián Quetglas [PDF]||Secretary non director||-|
Pictures by Fernando Gómez Larrea (row 1), Rafael Sámano (row 2), and by José Antonio Rojo (row 4).
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], 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 25.3 of the Regulations of the Audit and Risk Supervision Committee, on 28 March 2019 the Board of Directors approved the Basic Internal Audit Regulations [PDF], which defines the nature, activities, organisation, operations, basic powers and responsibilities of the Internal Audit Area which functionality reports to the Audit and Risk Supervision Committee.