Red Eléctrica continues to implement policies and procedures that ensure diversity and a reasonable balance within the Board of Directors so that it may adequately execute and perform its mission.

This report on remuneration policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

The report describes, beyond the established statutory requirements, the measures taken by the Company to achieve greater transparency and efficiency in the performance of the functions of the governing bodies and includes those aspects that are considered relevant in improving good governance of the Company.

Red Eléctrica continues to implement policies and procedures that ensure diversity and a reasonable balance within the Board of Directors so that it may adequately execute and perform its mission.

International declarations on human rights recognise, as a legal principle, the universal equality between women and men, proclaimed also in the European Union and whose intention is to enrich society and to contribute to its economic development.

The Annual Report on the Management of the Code of Ethics sets out the circumstances arising in relation to the corporate system for the management of ethics of the Red Eléctrica Group within the fiscal year: the operation of the whistle-blowing channel for enquiries and grievances, awareness campaigns, recognition received and measures to be promoted.

The report describes, beyond the established statutory requirements, the measures taken by the Company to achieve greater transparency and efficiency in the performance of the functions of the governing bodies and includes those aspects that are considered relevant in improving good governance of the Company.

This report on remuneration policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

The Annual Report on the Management of the Code of Ethics sets out the circumstances arising in relation to the corporate system for the management of ethics of the Red Eléctrica Group within the fiscal year: the operation of the whistle-blowing channel for enquiries and grievances, awareness campaigns, recognition received and measures to be promoted.