CORPORATE GOVERNANCE

Our corporate governance policies and rules

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] 

Corporate Governance and Regulatory Compliance Policies

Corporate Governance Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 02/16/2024.
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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 03/13/2024.
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Brand Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 02/16/2024.
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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 03/13/2024.
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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 02/16/2023.
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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 07/20/2023.
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Compliance and internal Reporting and Whistleblower Protection System PolicyExternal link, opens in new window.
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 07/20/2023.
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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 07/20/2023.
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Competition law compliance policy
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 07/20/2023.
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Corporate Tax Policy
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 02/16/2023.
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Personal Data Protection Policy
Approved by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 07/20/2023.
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Resiliency, Innovation and Transformation Policies

Operational Resiliency PolicyExternal link, opens in new window.  Enlace externo, se abre en ventana nueva. 
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024.
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Innovation PolicyExternal link, opens in new window.  
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 02/16/2024.
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Quality PolicyExternal link, opens in new window.   
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 02/16/2024.
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Policy on the Responsible Development and Use of Artificial Intelligence ToolsExternal link, opens in new window.     
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024.
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Corporate Security PolicyExternal link, opens in new window.    
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024.
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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 03/13/2024.
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Summary of corporate Risk Policies
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024.
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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 Policy

Summary of the Specific Risk Policies for the Various Group Businesses External link, opens in new window.
The Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024 approves those policies set forth in this summary that apply to it:

  • Risk Policy for the Networks Businesses of the Iberdrola Group, adopted at a meeting on 03/13/2024. 
  • Risk Policy for the Electricity Production and Customers Businesses of the Iberdrola Group, adopted at a meeting on 03/13/2024.
  • Risk Policy for the Real Estate Business, adopted at a meeting on 03/13/2024.

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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 [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 07/18/2024.

Basic Internal Audit Regulations [PDF]
Adopted by the Board of Directors of Iberdrola España, S.A.U. at a meeting on 03/13/2024.

Compliance Division Regulation [PDF] 
The version of these regulation currently in effect was approved by the Board of Directors of Iberdrola España at a meeting on 02/16/2024.

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 10/19/2023