Enagás focuses on corporate governance at its General Shareholders’ Meeting

30 March 2012

The company has added the concept of Independent Leading Director to its Articles of Association

The General Shareholders’ Meeting has approved allocation of a total dividend of €1 per share, an increase of 18% on 2010

The hive-down of activities as Technical Manager of the System and transporter has been approved

All the resolutions proposed on the agenda were ratified at Enagas’ General Shareholders’ Meeting today, including the company’s financial statements and the Management Report for 2011.

Approval was also given to include in the Articles of Association the designation of the Chairman of the Appointments, Remuneration and Corporate Responsibility Committee as Independent Leading Director. This measure authorises an independent director to convene a meeting of the Board of Directors and to represent the other independent directors.

Enagás, a major reference in terms of good corporate governance, shows compliance with the majority of the best national and international practices and standards, which is above the average for listed Spanish companies.

The company has an absolute majority of independent directors on its Board of Directors and on both Board committees: the Appointments, Remuneration and Corporate Responsibility Committee and the Audit and Compliance Committee. In addition, both committees are chaired by independent directors.

Moreover, the Enagás Board boasts a percentage of female directors that is above the Ibex-35 average.

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