Glossary

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  • AENOR
    Asociación Española de Normalización y Certificación (Spanish Association for Standardisation and Certification). An entity dedicated to standardisation and certification (S&C) in all industrial and service sectors.

    Spanish: AENOR
  • Acidification
    Reduction in the pH of ocean water over an extended period of time, caused primarily by uptake of carbon dioxide (CO2) from the atmosphere, but also by other chemical additions or subtractions from the ocean. Anthropogenic acidification of the ocean refers to the proportion of the reduction in pH caused by human activity.
    Spanish: Acidificación
  • Action Protocol for the Management of News and Rumours
    Protocol that establishes the rules and guidelines for the monitoring, management, analysis, and control of information, whether news or rumours, disseminated regarding the Company, any of the companies within its Group or regarding affected securities without the prior publication of a respective notice of significant event (hecho relevante), as well as of the market performance of the listing prices and trading volumes of affected securities, all in order to protect the interests of shareholders and investors and to prevent and avoid any situation of market manipulation.
    Spanish: Protocolo de actuación para la gestión de noticias y rumores
  • Action Social
    IBERDOROLA's commitment to the communities in which it operates is achieved through community activities in collaboration with relevant government entities and civil society.
    Spanish: Acción Social
  • Activities Report of the Board of Directors and of the Committees thereof
    Document that IBERDROLA prepares to report on the organisation, composition, operation and evaluation of the Board of Directors and the committees thereof for each financial year.
    Spanish: Memoria de actividades del Consejo de Administración y de sus comisiones
  • Adaptation to climate change
    Long-term, integrated and ongoing process, aimed at reducing current and future vulnerability to climate change.
    Spanish: Adaptación al cambio climático
  • Admission to trading
    Process whereby a company's shares are listed on one or more Stock Exchanges in order for purchase and sale transactions to be carried out on organised markets that are subject to government regulation and supervised by the National Securities Market Commission (CNMV), thus ensuring the highest levels of liquidity and transparency as well as better shareholder protection. IBERDROLA?s shares are admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges.

    Spanish: Admisión a negociación
  • Agenda
    Matters included in the call to meeting or in any supplement thereto for discussion and approval, if appropriate, at the General Shareholders' Meeting.
    Spanish: Orden del día
  • Announcement of the call to meeting
    Notice to the shareholders of the holding of the General Shareholders' Meeting, which must be published, duly in advance, in the Official Bulletin of the Commercial Registry or in one of the more widely circulated newspapers in Spain, on the corporate website of the CNMV, and on the Company's corporate website, setting forth all such information as is required by law and, in any event, the place, date, and time of the meeting as well as the agenda listing the matters to be dealt with. See?Official Bulletin of the Commercial Registry?.
    Spanish: Anuncio de convocatoria
  • Annual Corporate Governance Report
    Report that must mandatorily be prepared pursuant to the Securities Market Act, the purpose of which is to explain the ownership and management structure, the operation of the corporate decision-making bodies, related-party transactions, the risk control system and the degree to which the good governance recommendations are followed by listed companies in Spain.
    Spanish: Informe anual de gobierno corporativo
  • Annual Director Remuneration Report
    Document that listed companies in Spain must annually submit to a consultative vote of the shareholders at the general shareholders? meeting, reporting on the application of the director remuneration policy approved by their shareholders.
    Spanish: Informe anual sobre las remuneraciones de los consejeros
  • Annual Financial Report
    Document that listed companies in Spain must submit to the National Securities Market Commission (CNMV), including the individual annual accounts and management reports as well as those consolidated with their subsidiaries, together with the respective auditors? reports and the directors? statements of responsibility.
    Spanish: Informe financiero anual
  • Annual General Meeting
    Meeting of the shareholders that must be held within the first six months of each financial year in order to approve the annual accounts, the proposed allocation of profits or losses and company management for the prior financial year.
    Spanish: Junta general ordinaria
  • Annual Report on Compliance with the Code for the Separation of Activities
    Report that must mandatorily be prepared pursuant to the Electricity Industry Act and the Hydrocarbon Industry Act, which sets forth the measures adopted for compliance with the Code for the Separation of Activities of the Companies of the Iberdrola Group Carrying Out Regulated Activities in Spain.
    Spanish: Informe anual sobre el cumplimiento del Código de separación de actividades
  • Annual accounts
    Documents prepared by the Board of Directors of IBERDROLA, S.A., comprising the individual annual accounts of the Company (balance sheet, profit and loss account, statement of changes in shareholders' equity, statement of cash flows, and notes) and the consolidated annual accounts of IBERDROLA, S.A. and those of its subsidiaries (balance sheet, profit and loss account, statement of changes in shareholders' equity, statement of cash flows, and notes), which must be submitted to the shareholders for approval at the Annual General Shareholders' Meeting. See "Audit Report".
    Spanish: Cuentas anuales
  • Anthropogenic emissions
    Emissions originating from or caused by human actions.
    Spanish: Emisiones antropogénicas
  • Appointment and re-election of directors
    Directors shall be appointed, ratified, or re-elected by the shareholders at the General Shareholders' Meeting. The Appointments and Remuneration Committee assesses the candidates' respectability, capability, expertise, competence, experience, qualifications, educational background, availability, and commitment to their duties in order to prepare the respective proposal (in the case of independent directors) or report (in the case of the other directors).
    Spanish: Nombramiento y reelección de los consejeros
  • Appointments and Remuneration Committee
    Internal informational and consultative body created by the Board of Directors, without executive duties, with information, advisory, and proposal-making powers within its scope of action in connection with the selection, evaluation, re-election, removal, and withdrawal of directors and compensation matters.
    Spanish: Comisión de Nombramientos y Retribuciones
  • Approval of annual accounts
    Resolution adopted by the shareholders at the General Shareholders' Meeting, among the matters relating to the annual accounts, the corporate management, and the auditor, in order to approve the individual annual accounts of the Company and the annual accounts consolidated with those of its subsidiaries. See "Annual accounts".
    Spanish: Aprobación de cuentas anuales
  • Assets
    Set of tangible and intangible assets that enable a company to generate profits in the future. Assets vary depending on the nature of the business.
    Spanish: Activos
  • Attendance, proxy, and absentee voting card
    Document with which shareholders may access the General Shareholders' Meeting and exercise the rights to proxy representation and absentee voting. See "Right to attend".
    Spanish: Tarjeta de asistencia, representación y voto a distancia
  • Audit Report
    Mandatory report setting forth the opinion of an independent auditor regarding the content of the annual accounts and of the management report. See "Auditor".
    Spanish: Informe de auditoría
  • Audit and Risk Supervision Committee
    Internal informational and consultative body created by the Board of Directors, without executive duties, with information, advisory, and proposal-making powers within its scope of action in connection with the internal control and risk management systems, the internal audit area, and the audit of accounts, and the process of preparation of economic and financial information. This Committee, which has been operating as a voluntarily-created body since October 1998, has been mandatory for listed companies since the entry into force of Financial System Reform Measures Act 44/2002 of 22 November.
    Spanish: Comisión de Auditoría y Supervisión del Riesgo
  • Auditor
    Independent entity that verifies that the individual annual financial statements of IBERDROLA, S.A., as well as the consolidated annual financial statements of IBERDROLA, S.A. and its subsidiaries (and the interim financial statements, if any), have been prepared in compliance with the requirements established by generally accepted accounting principles and standards under applicable regulations.
    Spanish: Auditor de cuentas
  • Auditor Appointment Policy
    Set of rules establishing the principles that are to govern the hiring, appointment, and re-election of the auditor of IBERDROLA, S.A. and its relationship with the Company.
    Spanish: Política de contratación del auditor de cuentas
  • Authorised capital
    Value of the share capital that the Board of Directors may increase with the prior authorisation of the shareholders at the General Shareholders' Meeting.
    Spanish: Capital autorizado
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