54 2 | PRISA, a global group CORPORATE GOVERNANCE 2016 Consolidated Financial Statements 2016 Report management DOWNLOAD 2016 Corporate governance annual Report DOWNLOAD Also, to respond to the needs and circumstances of the Company, the Ordinary Shareholders’ Meeting, held on April 1, 2016, addressed a restructuring of the Board of Direc-tors, resulting in the re-election of certain directors and the appointment of new directors, all highly qualified and hono-red professionals, with skills and talents in various fields and sectors of interest to the Company, in order to promote a wider diversity of knowledge, experience, origin and gender within the Board of Directors. Meanwhile, the Internal Code of Conduct regarding the secu-rities markets (RIC) was modified by the Board of Directors in July 2016, to adapt to the new Regulation (EU) 596/2014, of 16 April 2014, on Market Abuse and its implementing measures, which has been directly applicable in Spain since last July 3. The Internal Code of Conduct sets the standards of conduct to be followed in proceedings relating to securities markets, and establishes rules on the communication of relevant in-formation about the Company to the market, in a timely and accurate fashion, to thereby prevent the misuse of inside in-formation and resolve any possible conflicts of interest. In 2016, the Group completed the process of revising the company’s criminal prevention model, primarily spearheaded by PRISA’s Compliance Unit. As part of this process, and under the framework of the Code of Ethics, a range of internal rules has been adopted, inclu-ding the following: • Gifts Policy • Anti-corruption policy • Competition policy • Guidelines on money laundering • Procedure for managing the Complaints Channel • Circular for the coordination and exchange of informa-tion between the PRISA Compliance Unit and the indivi-dual company Compliance Units
Informe_Anual_PRISA_EN
To see the actual publication please follow the link above