Institucional Neoenergia > Neoenergia > Corporate Governance > Governance and Sustainability System > Corporate Governance

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






• Introduction to the Governance and Sustainability System [PDF] | 91KB

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

• Corporate Governance General Policy [PDF]​​​​​ | 141 KB​

   Updated by the Board of Directors on December 13, 2022.

​ • Management Appointment Policy [PDF]​​​ | 130KB   

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

• Dividend Policy [PDF]​ | 54KB

   Updated​ by the Board of Directors on October 26, 2017.

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

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

• Brand Policy [PDF]​ | 95KB

   Updated by the Board of Directors on March 30, 2022.

 • Independent Auditor Contracting and Relations Policy [PD​F] | 141KB​​

   Updated by the Board of Directors on July 15, 2021.

​ • Preparation of Financial Information Policy [PDF]​​ | 141KB   

   Updated by the Board of Directors on July 15, 2021.

• Non-Financial Information Preparation Policy [PDF]​​ | 97KB    

   Updated by the Board of Directors on July 15, 2021.

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

   Updated by the Board of Directors on July 15, 2021.

• Crime Prevention Policy [PDF]​ | 89KB

   Updated by the Board of Directors on July 15, 2021.

• Corporate Fi​scal Policy [PDF]​ | 121KB

   Updated by the Board of Directors on December 13, 2022.

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

   Updated​ by the Board of Directors on July 15, 2021.

 • 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 139KB​

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









 Accordion | Risk Policies

• General Corporate Risk Management Policy [PDF]​​​ | 111KB

   Updated by the Board of Directors on March 30, 2022.

• Summary of Corporate Risk Policies​ [PDF]​ | 144KB

   Updated by the Board of Directors on March 30, 2022.

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]​ | 286KB

Approved by the Board of Directors on December 13, 2022.

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

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

• Internal Regulations of the Executive Board [PDF]​​​​​​ | 132KB

Approved by the Board on July 7, 2014​.

• Internal Rules of th​e Audit Committee [PDF]​ | 272KB​

Approved by the Board of Directors on July 19, 2022​.

• Internal Regulations of the Compensation and Succession Committe [PDF] | 230KB 

Approved by the Board of Directors on ​July 19, 2022​​.​


• Internal Regulations of the Related Parties Committee [PDF] | 230KB

Approved by the Board of Directors on July 19, 2022​​.


• Internal Regulations of the Finance Committe [PDF]​​ | 228KB 

Approved by the Board of Directors on July 19, 2022​​​​.​

• Internal Regulations of the Sustainability Committee [PDF] | 278KB

Approved by the Board of Directors on March 30, 2022.

•​ Internal Regulation of the​ Superintendency of Compliance [PDF]​ l 259KB

Approved by the Board of Directors on December 13, 2022​​.



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

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




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