55 Social Responsibility and Sustainability Report 2017 | PRISA This regulation is applicable to all members of the Board of Directors and members of senior mana-gement, as well as corporate center directors and other officers and employees of the Group who may be privy to inside information. The Internal Code of Conduct is communicated to all persons to whom it is applicable, and who are requested to sign that they are aware both of its contents as well as the obligation to adhere to it. Also in 2016, in response to the process of finan-cial restructuring that the Company is undergoing, the Board of Directors, at the proposal of the Cor-porate Governance Committee, approved an “Ac-tion Protocol” that will govern said process, and which sets out guidelines regarding the use of in-side information. Knowledge and the promotion of best practices in corporate governance, as well as the ongoing re-view of the direction of the Company’s activities in the area of corporate social responsibility, inform and guide all the work of the highest governing bo-dies. This is in keeping with a strategy of sustaina-bility and of enhancing corporate reputation to the benefit not only of the shareholders and investors, but also company employees, suppliers and other stakeholders. In 2017, the actions undertaken in 2016 in terms of corporate governance, crime prevention and com-pliance in order to consolidate the organizational structure of compliance within PRISA, will conti-nue. There will be a range of training activities and the Group will seek to raise awareness in this area among all groups involved. Our governance structure and responsibility in the choice of content The Board of Directors of PRISA has established the following committees: i) an Executive Delegate Committee, ii) an Audit Committee, iii) a Corporate Governance Committee, iv) an Appointments and Remuneration Committee, and v) a Technological Transformation Committee. Details of the composition and responsibilities of the Executive Delegate Committee and of the other committees are available in the ACGR. The Audit Committee, the Corporate Governan-ce Committee, the Appointments and Remune-ration Committee and the Technological Trans-formation Committee have all published reports describing their functions and activities over the course of 2016. As for the decision-making processes by the go-verning structure of PRISA with regards to the creation and distribution of content, and those procedures ensuring editorial independence, the Board does not participate in the processes of defining content, although some of the executi-ve directors, non-executive directors and various members of senior management of the Company do form part of the highest-level management bo-dies of the business units and / or hold executive functions in some of these. Furthermore, these processes are different for each business unit or area and, in general, are applied on a case by case basis, depending on the nature and characteristics of the contents of the specific activity and/or the market. In the areas of Press and Radio, Grupo PRISA has set up an Editorial Committee made up of PRISA’s Executive Chairperson, the CEO, senior manage-ment of the abovementioned business units and of the Group, as well as longstanding journalists. The Editorial Committee defines the editorial line of the group on current affairs without involving any persons who may have economic and / or political interests. The Editorial Committee is the guarantor of the independence of the group. Likewise, the publisher of El País has an Edito-rial Statute, approved by the general meeting of shareholders of PRISA, and its own Journalists’ Committee, a body representing news professio-nals. The statute governs the professional rela-tionships between the El País newsroom and its management and the PRISA publishing company, independently of trade union and labor relations. The newsroom includes all journalists, regardless of the university degree they hold, who write con-tent, and who have been on the staff for at least six months.
Informe_Anual_PRISA_EN
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