An independent and pluralistic body leading the Group's strategy
As provided in the Board of Directors’ Regulations, the Board of Directors of Iberdrola, S.A. has the broadest powers to manage and represent the Company.
In particular, it focuses its activities on the approval of strategic goals with projection at the Group level, on the definition of its organisational model, and on the supervision of compliance therewith.
It also designs, evaluates and permanently reviews the Governance and Sustainability System. Discover the composition of the Board of Directors and how it works.
How is the Board of Directors organised?
The Board entrusts supervision and strategic coordination to the executive chairman, CEO, and management team, supported by five specialized committees:
Executive Committee
Audit & Risk
Appointments
Remuneration
Sustainable Development
Activity in 2024
99% average attendance rate
Evaluation & Achievements
- Update to Strategic Plan 2024-2026
- Strategic alliances and corporate transactions
- Monitoring of DANA recovery in Valencia
Priorities for 2025
- Capital Markets Day 2025 preparations
- Geopolitical & macroeconomic impact analysis
- Stakeholder value creation monitoring
Board Profile 2024
Board of Directors Structure
The following chart shows the proportion of the different types of directors inside the Board of Directors and its consultative commissions:
In accordance with the Board of Directors Composition and Member Selection Policy, the selection of candidates is based on a prior analysis of needs to guarantee diversity in skills, experience, nationalities, and gender.
The current composition is balanced, featuring an ample majority of independent directors with highly professional experience, reflecting a clear commitment to diversity and excellence.
Regulations of the Board of Directors [PDF]
Diversity Commitment
- Zero bias in appointments
- Global professional origins
- Strong female representation
Mr. José Ignacio Sánchez Galán (Chairman)
Mr. Pedro Azagra Blázquez (CEO)
Mr. Juan Manuel González Serna
Mr. Anthony L. Gardner
Mr. Ángel Jesús Acebes Paniagua
Iberdrola, S.A. Board of Directors Profile in 2024
Composition
- Independent: 83.3%
- Non-independent: 16.7%
- 14.3% Executive / 85.7% External
Seniority of directors
Gender Diversity
Nationalities
Spain
USA
UK
Brazil
ItalyProfile and skills of the directors (of 14)
Information extracted from the Annual Corporate Governance Report 2024.
Independence Criteria
According to the Spanish Companies Act (Article 529 duodecies 4), independent directors must perform their duties without being constrained by relations with the company, its group, or significant shareholders.
Non-Independence Conditions
A director shall NOT be deemed independent if they fall under any of these cases:
- Former Employees: Having been an employee or executive within the last 3-5 years.
- Financial Relations: Receiving benefits other than director remuneration (excluding immaterial amounts).
- Audit Links: Being a partner of the external auditor within the last 3 years.
- Business Relationships: Maintaining significant business ties as a supplier, adviser, or consultant.
- Longevity: Having served as a director for a continuous period exceeding 12 years.
- Kinship: Being a spouse or close relative of an executive director or senior officer.
Ignacio Galán
Executive Chairman of Iberdrola
Mr. Sánchez Galán leads the Iberdrola Group and its major subholding companies, including ScottishPower (UK), Avangrid (US), and Neoenergia (Brazil).
Board Activities Report 2024
Access full details regarding the composition, operation, and strategic actions of Iberdrola, S.A.'s governing bodies.
Download Activities Report [PDF]