Audit and Risk Supervision Committee 2o2u2q
Effective Supervision of Risk Management and Financial Information 3y4v5a
The Audit and Risk Supervision Committee is an internal organ of the Board of Directors, with no executive powers, which was created for informational and consulting purposes and which has duties to inform, advise, and propose within its sphere of activities.
This Committee, which has operated on a voluntary basis since October 1998 and, is required for listed companies since the entry into force of the Law 44/2002, of November 2002, and is governed by the provisions of Article 39 of the By-Laws, of Article 31 of the Regulations of the Board of Directors [PDF] and by the Regulations of the Audit and Risk Supervision Committee [PDF].
The current of the Audit and Risk Supervision Committee are:
See the powers of the Audit and Risk Supervision Committee [PDF] External link, opens in new window.
Within the context of Iberdrola’s ongoing exercise in transparency and communication with shareholders and the markets, the Activities Report of the Board of Directors and of the Committees thereof may be published as an independent document or as part of one or more other reports prepared by the Company.
Pursuant to Article 25.3 of the Regulations of the Audit and Risk Supervision Committee, on 28 March 2019 the Board of Directors approved the Basic Internal Audit Regulations [PDF] External link, opens in new window., which defines the nature, activities, organisation, operations, basic powers and responsibilities of the Internal Audit Area which functionality reports to the Audit and Risk Supervision Committee.
