Corporate governance

Learn about Iberdrola's governance system

The corporate governance policies and rules ensure the proper operation of Iberdrola's main corporate decision-making bodies, administration and management and the development of the business generally, all in accordance with applicable law.

In particular, these policies and rules are structured into five parts: (i) corporate governance and regulatory compliance policies; (ii) sustainable value chain policies; (iii) internal audit and risk rules; (iv) rules on governance of the corporate decision-making bodies and of other internal functions and committees; and (v) market abuse prevention rules.

Foundations for the Definition and Coordination of the Iberdrola Group
- Foundations for the Definition and Coordination of the Iberdrola GroupExternal link, opens in new window.
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 25 February 2025.
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Corporate Governance and Regulatory Compliance Policies
- Corporate Governance Policy
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 25 February 2025.
  Download document [PDF] External link, opens in new window.
- Shareholder Engagement Policy
  Initially approved by the Board of Directors on 17 February 2015 and last amended on 19 December 2023.
  Download document [PDF] External link, opens in new window.
- Shareholder Remuneration Policy
  Initially approved by the Board of Directors on 23 October 2007 and last amended on 20 December 2022.
  Download document [PDF] External link, opens in new window.
- Treasury Share Policy Enlace externo, se abre en ventana nueva.
  Initially approved by the Board of Directors on 23 October 2007 and last amended on 25 February 2025.
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- Policy regarding Communication and Contacts with Shareholders, Institutional Investors and Proxy Advisors
  Initially approved by the Board of Directors on 26 October 2011 and last amended on 19 December 2023.
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- Brand Policy
  Initially approved by the Board of Directors on 22 June 2015 and last amended on 19 December 2023.
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- Board of Directors Composition and Member Selection Policy External link, opens in new window.
  Initially approved by the Board of Directors on 25 March 2015 and last amended on 25 February 2025.
  Download document [PDF] External link, opens in new window.
- Director Remuneration Policy
  Initially approved by the Board of Directors on 18 December 2007 and last amended by the General Shareholders' Meeting on 17 May 2024.
  Download document [PDF] External link, opens in new window.
- Senior Management Remuneration PolicyExternal link, opens in new window. External link, opens in new window.
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 19 December 2023.
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- Statutory Auditor Contracting and Relations Policy
  Initially approved by the Audit and Risk Supervision Committee on 23 November 2005 and last amended on 25 February 2025.
  Download document [PDF] External link, opens in new window.
- Iberdrola Group Financial Information Preparation Policy
  Initially approved by the Board of Directors on 24 July 2018 and last amended on 20 December 2022.
  Download document [PDF] External link, opens in new window.
- Iberdrola Group Non-Financial Information Preparation Policy
  Initially approved by the Board of Directors on 21 July 2020 and last amended 20 June 2023.
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- External link, opens in new window.
- Compliance and Internal Reporting and Whistleblower Protection System Policy
  Initially approved by the Board of Directors on 20 June 2023.
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- Anti-Corruption and Anti-Fraud Policy
  Initially approved by the Board of Directors on 20 December 2016 and last amended on 20 June 2023.
  Download document [PDF] External link, opens in new window.
- Competition Law Compliance Policy
  Initially approved by the Board of Directors on 20 June 2023.
  Download document [PDF] External link, opens in new window.
- Corporate Tax Policy
  Initially approved by the Board of Directors on 14 December 2010 and last amended on 20 December 2022.
  Download document [PDF] External link, opens in new window.
- Personal Data Protection Policy
  Initially approved by the Board of Directors on 21 July 2015 and last amended on 20 June 2023.
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Sustainable Value Chain Policies
- Purchasing Policy Enlace externo, se abre en ventana nueva.
  Initially approved by the Board of Directors on 18 June 2013 and last amended on 25 February 2025.
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- Operational Resiliency Policy
  Initially approved by the Board of Directors on 20 February 2024.
  Download document [PDF] Enlace externo, se abre en ventana nueva. Enlace externo, se abre en ventana nueva.
- Corporate Reputation PolicyEnlace externo, se abre en ventana nueva.
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 25 February 2025.
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- Corporate Security PolicyExternal link, opens in new window.
  Initially approved by the Board of Directors on 23 September 2013 and last amended on 20 February 2024.
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- Policy on the Responsible Development and Use of Artificial Intelligence Tools
  Initially approved by the Board of Directors on 10 May 2022 and last amended on 20 February 2024.
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- Innovation Policy
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 19 December 2023.
  Download document [PDF] External link, opens in new window.
- Quality Policy
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 19 December 2023.
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- Digital Technology PolicyEnlace externo, se abre en ventana nueva.
  Initially approved by the Board of Directors on 10 May 2022 and last amended on 25 February 2025.
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Internal Audit and Risk Rules
- Basic Internal Audit Regulations [PDF]
  Last amended by the Board of Directors on 25 February 2025.
- General Risk Control and Management Foundations of the Iberdrola Group
  Initially approved by the Board of Directors on 18 December 2007 and last amended on 25 February 2025.
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Governance Rules of the Corporate Decision-Making Bodies and other Functions and Internal Committees
- Regulations for the General Shareholders' Meeting [PDF]
  Last amended by the General Shareholders' Meeting on 17 May 2024, which was registered in the Commercial Registry of Biscay on 27 May 2024.
- Regulations for the Electronic Shareholders' Forum [PDF]
  Last amended by the Board of Directors on 20 June 2023.
- Regulations of the Board of Directors [PDF]
  Last amended by the Board of Directors on 17 December 2024, which was registered in the Commercial Registry of Biscay on 30 December 2024.
  See amendments from 17/06/2022 to 14/03/2023
- Regulations of the Audit and Risk Supervision Committee [PDF]
  Last amended by the Board of Directors on 20 February 2024.
- Regulations of the Appointments Committee [PDF]
  Last amended by the Board of Directors on 19 December 2023.
- Regulations of the Remuneration Committee [PDF] External link, opens in new window.
  Last amended by the Board of Directors on 8 November 2022.
- Regulations of the Sustainable Development Committee [PDF]
  Last amended by the Board of Directors on 20 June 2023.
- Regulations of the Compliance Unit [PDF]
  Last amended by the Board of Directors on 19 December 2023.
- Internal Rules on Composition and Duties of the Operating Committee [PDF]
  Last amended by the Board of Directors on 14 March 2023.
Market Abuse Prevention Rules
- Internal Regulations for Conduct in the Securities Markets [PDF]
  Last amended by the Board of Directors on 25 February 2025.
- Internal Rules for the Processing of Inside Information [PDF]
  Last amended by the Board of Directors on 26 April 2022.