G++ RATING IN AENOR’S GOOD CORPORATE GOVERNANCE INDEX
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ALBA has obtained the Good Corporate Governance Index certification issued by AENOR, with the highest rating (G++).
AENOR’s Good Corporate Governance Index measures the degree of compliance of companies in matters of governance, taking into account seven variables and 180 indicators, in matters such as composition and functioning of the board of directors and its committees, remuneration of directors, functioning of the general shareholders’ meeting, transparency, compliance and risk control, and sustainability.
The corporate governance model of ALBA stands out in the composition of its Board of Directors, with 40% female Directors and 60% Independent Directors. It also meets all the criteria of AENOR’s Good Corporate Governance Index in relation, among others, to the indicators of its Directors’ remuneration policy; composition and functioning of its Committees; information transparency and informed voting at its General Meeting; sustainability policy; compliance management system, risk analysis and management and control model; and information provided to the market and the content of its corporate website.
AENOR’s Good Corporate Governance certification allows companies to demonstrate their good performance in this area to their key stakeholders: investors, customers, employees, proxy advisors/voting advisors, the supervisor and society in general. Its objective is to encourage companies committed to sustainability in its three aspects (environmental, social and governance) to do so by taking good corporate governance as a key element for the integration of sustainability in companies and their capacity to create sustainable value in the long term.
With this certification, ALBA reinforces its commitment to following best practices in corporate governance, integrating ESG criteria into its governance and decision-making structure, and strengthens its reputation and credibility with its stakeholders.
March, 2024
