146 5 | Appendix G4-41 Report processes for the highest governance body to ensure conflicts of interest are avoided and managed. Report whether conflicts of interest are disclosed to stakeholders. ACGR (Annex to section D) Regulations of the Board of Directors (Articles 37, 38 and 39) PRISA Code of Ethics (Article 10 and 14.5) Internal Code of Conduct regarding the securities markets (Art.22) Highest governance body’s role in setting purpose, values, and strategy G4-42 Report the highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strate-gies, policies, and goals related to economic, environmental and social impacts. 54-58 Annual Report of Corporate. Governance Board Regulations. Highest governance body’s competencies and performance evaluation G4-43 Report the measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental and social topics. Strictly speaking, in 2016 there was no specific training in economic, social and environmental issues for Board mem-bers. The Board of Directors carries out an annual evaluation of the functioning of the Board and its Committees to identify areas for improvement. G4-44 a. Report the processes for evaluation of the highest governance body’s performance with respect to governance of economic, environmental and social topics. Report whether such evaluation is independent or not, and its frequency. Report whether such evaluation is a self-assessment. b. Report actions taken in response to evaluation of the highest governance body’s perfor-mance with respect to governance of economic, environmental and social topics, inclu-ding, as a minimum, changes in membership and organizational practice. ACGR (Section C1.20 bis) The Board carries out an annual assess-ment of the way it functions and the way its Committees function. It oversees or-ganizational aspects as well as all things concerned with corporate governance, and those related to strategic, operative and financial strategy. The Corporate Governance Committee presents the Board with a report for this assessment and, if necessary, a plan of action to correct any deficiencies it may find.
Informe_Anual_PRISA_EN
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