Corporate Governance

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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 four parts:

(i) corporate governance and regulatory compliance policies;

(ii) risk policies;

(iii) rules on governance of the corporate decision-making bodies and of other internal functions and committees.









 Accordion | Corporate Governance and Regulatory Compliance Policies




 • Corporate Governance General Policy [PDF]​​​​​ | 122 KB​

   Updated by the Board of Directors on February 9, 2021.

​ • Management Appointment Policy [PDF]​​​ | 84KB   

   Updated by the Board of Directors on April 23, 2019. 

Dividend Policy [PDF]​ | 54KB

   Updated​ by the Board of Directors on October 26, 2020.

• Management Compensation Policy [PDF]​​ | 214KB   

   Updated by the Board of Directors on April 23, 2019. 

Brand Policy [PDF]​ | 72KB

   Updated by the Board of Directors on February 9, 2021.

 • External Auditor Hiring Policy [PD​F] | 103KB​​

   Updated by the Board of Directors on February 9, 2021.

​ • Preparation of Financial Information Policy [PDF]​​ | 101KB   

   Updated by the Board of Directors on December 19, 2018.

Non-Financial Information Preparation Policy [PDF]​​ | 101KB    

   Updated by the Board of Directors on February 9, 2021. 

Anti-Corruption and Fraud Policy [PDF]​ ​| 66KB

   Updated by the Board of Directors on February 9, 2021.

Crime Prevention Policy [PDF]​ | 89KB

   Updated by the Board of Directors on February 9, 2021.

• Corporate Fiscal Policy [PDF]​ | 97KB

   Updated by the Board of Directors on February 9, 2021.

​ •  Personal Data Protection Policy [PDF]​​​ | 115KB

   Updated​ by the Board of Directors on June 15, 2020.

 • Policy for Related Party Transactions [PDF]​​ | 273KB    

  Updated by the Board of Directors on June 4, 2019.

​​• ​​Disclosure Policy for Relevant Information and Preservation of Secrecy [PDF]​​ l 196KB​

  Approved by the Board of Directors on July 16, 2019.

 • ​​Trading Policy with Securities Issued by Neoenergia S.A. and its Subsidiaries [PDF]​​ l 128KB   

   ​​Approved by the Board of Directors on April 23, 2019.

​ ​ Procedure for Conflicts of Interest and Related Operations with Officers and Those Professionals with Direct Dependency of the Board of Directors [PDF]​​ l 89KB​

   ​Approved by the Board of Directors on July 19, 2018.​









 Accordion | Risk Policies

General Corporate Risk Management Policy [PDF]​​​ | 188KB

   Updated by the Board of Directors on May 18, 2021.

Summary of Corporate Risk Policies​ [PDF]​ | 197KB

   Updated by the Board of Directors on May 18, 2021.​

This summary includes the following policies:   

- Credit Risk Policy

- Market Risk Policy

- Operational Risk in Market Transactions Policy

- Insurance Policy

- Investment Policy

- Financial Risk Policy

- Treasury Share Policy

- Purchasing Policy

- Information Technology Policy

- Cybersecurity Risk Policy

- Reputational Risk Framework Policy

- Occupational Safety and Health Risk Policy

• Specific Risk Policies for the Different Businesses of the Group

- Liberalized Business Risk Policy

- Renewables Business Risk Policy

- Network Business Risk Policy






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

​Internal Regulations of the Board of Directors [PDF]​ | 292KB

Approved by the Board of Directors on February 9, 2021.

Internal Rules of th​e Audit Committee [PDF]​ | 192KB​

Approved by the Board of Directors on May 18, 2021​.

Internal Regulations of the Compensation and Succession Committe [PDF] | 158KB 

Approved by the Board of Directors on ​February 9, 2021​​.​


Internal Regulations of the Related Parties Committee [PDF] | 206KB

Approved by the Board of Directors on February 9, 2021​​.


Internal Regulations of the Finance Committe [PDF]​​ | 161KB 

Approved by the Board of Directors on February 9, 2021​​​​.​

Internal Regulations of the Sustainability Committee [PDF] | 169KB

Approved by the Board of Directors on May 18, 2021.

•​ Internal Regulation of the Superintendency of Compliance [PDF]​ l 328KB

Approved by the Board of Directors on February 9, 2021​​.

Basic Internal Auditing Standard [PDF]​​​​​ | 145KB

Approved by the Board of Directors on February 9, 2021​​.

Internal Regulations of the Fiscal Council [PDF] | 132KB

Approved by the Board of Directors on October 1, 2017. 

Basic Standard​ for Internal Audit [PDF]​​​​​​ | 145KB

Approved by the Board of Directors on February 9, 2021​​.




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