This report details the measures adopted by Red Eléctrica, beyond the legally established requirements, to reach a level of improved efficiency, transparency and quality in the execution of the functions carried out through their Corporate Governance structure.

This report details the measures adopted by Red Eléctrica, beyond the legally established requirements, to reach a level of improved efficiency, transparency and quality in the execution of the functions carried out through their Corporate Governance structure.

This report which Red Eléctrica has been publishing every year since 2002, is drawn up and validated in accordance with the recommendations of the GRi's sustainability reporting guidelines (G3, 2011 edition) and electric utilities sector supplement (2009 edition) edited by the Global Reporting Initiative (GRI) and for the ninth consecutive year it has been verified in accordance with the principles of the AA1000 Standard.

The Corporate Governance Report is published every year in order to show the efforts of Red Eléctrica to introduce the best international principles and recommendations of good corporate governance and its practical implementation, both in the structure and functioning of the governing bodies of the Company and in regard to the commitments and responsibilities undertaken with its shareholders, investors, the markets and other stakeholders.

Results and regulatory update 20th September 2013.

International declarations on human rights recognise, as a legal principle, the universal equality between women and men, proclaimed also in the European Union and whose intention is to enrich society and to contribute to its economic development.

This report contains the most relevant data regarding the Company's activity during the fiscal year: key figures, significant events, business activities, corporate management, Stock Market evolution and annual accounts.