CORPORATE GOVERNANCE

Iberdrola, at the forefront of best international practices

Iberdrola's Governance System is inspired by and based upon a commitment to ethical principles, transparency and leadership in the application of the best international practices in good governance expressed around the defense of the corporate interest and the creation of sustainable value for the society, the citizens, our customers, our workers and our shareholders. Undergoing a constant process of review and improvement, it incorporates the principal recommendations of the international markets and the most advanced trends in this area. It is one of the hallmarks of its identity, making Iberdrola an international leader in good practices.

GUIDED BY AN INDEPENDENT AND DIVERSE BOARD OF DIRECTORS

The board of directors focuses its activity on supervising the group's general guidelines and strategy, as well as the establishment of its corporate policies, some of which are pioneering, such as the recent shareholder engagement policy.

The following points define the company's future vision, its multinational scope and the implementation of channels for the participation and engagement of the shareholders:

Corporate Governance: pioneering corporate governance system: foresight, multinational coverage, independent and plural board of directors

  • Board of Directors under continuous renewal, adapted to the needs raised by the businesses and markets in which the Group does business.
  • There are 14 directors of various nationalities and professional profiles, selected based on a broad set of criteria [PDF].
  • 71% of the directors are independent, and women represent 36% of the members of the Board of Directors (one of the Ibex 35 companies with the largest presence of female directors).

corporate governance: shareholder engagement: pioneering policy, strategic pillar for dialog and transparency, participation and belonging

  • The first Spanish company and one of the pioneers at the worldwide level in formalising a Shareholder Engagement Policy [PDF], which is one of the fundamental pillars of the corporate governance strategy.
  • Constructive, ongoing, efficient, and transparent dialog with the shareholders, fostering their engagement and promoting their active participation through various channels, such as the interactive On Line Shareholders (OLS) system and the Shareholders' Club,among others.
  • The General Shareholders' Meeting, a principal milestone for participation, is framed within the "Shareholder's Day", during which there are various presentations and activities to bring the shareholders closer to the business, corporate, and institutional reality of Iberdrola.

AN INTERNATIONALLY RENOWNED EFFORT 

Iberdrola's commitment to the best practices of corporate governance and its dedication to the areas of sustainability, ethics and fiscal transparency, and its close relationship with its shareholders have been widely recognized worldwide.

corporate governance: a recognised effor: sustainability and ethics, outreach to shareholders, fiscal transparency


(*) Spanish version.