Corporate governance

Corporate governance

Prevention of corruption

The prevention of corruption is a necessary practice to help achieve an ethical and responsible management in the execution and delivery of services of the companies that make up the Red Eléctrica Group, in accordance with the values and commitments set out in its Code of Ethics.

In 2015, the Board of Directors approved the ‘Guide for the Prevention of Corruption: Zero Tolerance’ in order to take steps forward in the Integrity Model of the Red Eléctrica Group.

The Guide sets out the principles and mechanisms for implementing impeccable business relations. This implies the prohibition of all corruption, bribery or facilitating payment practices, in all its forms, in accordance with the values and commitments set out in the Code of Ethics of the Red Eléctrica Group.

The Guide, prepared in accordance with the highest international ethical and integrity standards, establishes the commitment undertaken by the Red Eléctrica Group on corruption, as well as the business conduct guidelines and key control mechanisms established for its prevention.

All people in the Red Eléctrica Group are obliged to know and shall undertake to respect the contents of the Guide and review the way in which they carry out their duties and responsibilities based on the principles, undertakings and controls set out in the Guide. In particular, the exemplariness, support and the explicit commitment of members of the Board and the management team are a key element of value for its implementation.