CORPORATE GOVERNANCE

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 three parts: (i) corporate governance and regulatory compliance policies; (ii) risk policies and (iii) rules on governance of the corporate decision-making bodies and of other internal functions and committees.

Introduction to Book Five - Corporate Governance [PDF] (spanish version)

Corporate Governance and Regulatory Compliance Policies

General Corporate Governance Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Policy for the Definition and Coordination of the Iberdrola Group and Foundations of Corporate Organization
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 16/02/2023.
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Brand Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Auditor Contracting and Relations Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 16/02/2023.
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Iberdrola Group Financial Information Preparation Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 16/02/2023.
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Iberdrola Group Non-Financial Information Preparation Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Anti-Corruption and Anti-Fraud Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Crime Prevention Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 16/02/2023.
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Corporate Tax Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 16/02/2023.
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Personal Data Protection Policy
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Competition law compliance policy
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Compliance and internal reporting and whistleblower protection system policy
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Risk Policies

General Risk Control and Management Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 20/07/2023.
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Summary of the Corporate Risk Policies
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 24/03/2023.
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This summary includes the following policies:

  • Corporate Credit Risk Policy
  • Corporate Market Risk Policy
  • Operational Risk in Market Transactions Policy
  • Insurance Policy
  • Investment Policy
  • Financing and Financial Risk Policy
  • Treasury Share Policy
  • Risk Policy for Equity Interests in Listed Companies
  • Purchasing Policy
  • Information Technology Policy
  • Cybersecurity Risk Policy
  • Reputational Risk Framework Policy
  • Occupational Safety and Health Risk Policy

Summary of the Specific Risk Policies for the Various Group Businesses
The Board of Directors of Iberdrola España, S.A.U. adopts policies set out in this summary which are applicable there to:

  • Risk policy of the Iberdrola Group electricity production and customer businesses, adopted at a meeting on 24/03/2023. 
  • Risk policy of the Iberdrola Group network business, adopted at a meeting on 24/03/2023.

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Governance Rules of the Corporate Decision-Making Bodies and other Functions and Internal Committees

Audit and Compliance Committee Regulations for Iberdrola España Regulations of the Board of Directors [PDF] (spanish version)
The version of these regulation currently in effect was approved by the Board of Directors of Iberdrola España, S.A.U at a meeting on 20/07/2023.

Basic Internal Audit Regulations [PDF]
The version of these regulation currently in effect was approved by the Board of Directors of Iberdrola España, S.A.U at a meeting on 20/07/2023.

Compliance Division Regulation [PDF] (spanish version)
The version of these regulation currently in effect was approved by the Board of Directors of Iberdrola España at a meeting on 2 December 2021.

Code of Separation of Activities for the Iberdrola Group Spain with Regulated Activities [PDF]
The text of the version of this code that is currently in effect was approved by the Board of Directors of Iberdrola España, S.A.U at a meeting on 15/10/2023