Relevant events in 2012
1. Changes in the Board of Directors
2. General Shareholders’ Meeting
As part of our commitment to transparency and good corporate practices in the relationship and communication with shareholders, in 2012 we continued to improve the communication and information systems via electronic means, boosting our presence in social networks and through the broadcast of the Meeting in audio-visual format via Internet; with simultaneous translation into English.
Corporate Governance: Annual general Shareholders’ Meeting
In 2012, for the first time, an external review of the management processes and voting taken at the Annual Shareholders’ Meeting was carried out. This review has helped to identify weaknesses and opportunities for improvement in the organisation, development and running of the General Meeting.
3. Remuneration Policy
Main characteristics of the remuneration policy for the Board of Directors:
In the 2012 fiscal year, the remuneration, for all concepts, for senior executives was 1,023 thousand euros (1,023 thousand euros at 31 December, 2011).
4. Risk Management
We have a Risk policy and a risk management system that covers the risks of internal processes as well as those of the environment in which the Company’s activities are carried out, as established in the ISO 31000 Standard.