BOARD OF DIRECTORS AND BOARD COMMITTEES

REGULATION AND INSTITUTIONAL AFFAIRS COMMITTEE

Duties

Notwithstanding other duties it may be assigned by the Board of Directors, the Regulation and Institutional Affairs Committee shall have at least the following functions:


1) To carry out, through study, analysis and discussion, permanent monitoring of the main matters and themes of the regulatory order that affect the Telefónica Group at all times.


2) To provide a channel for communication and information between the Management Team and the Board of Directors in statutory matters and, when appropriate, to bring to the knowledge of the latter matters that are considered important or relevant to the Company, or to any of the companies in the Group and on which it may be necessary or convenient to adopt a decision or to establish a specific strategy.


3) To review, report and propose to the Board of Directors the principles that must guide the Group’s Sponsorship and Patronage policy, monitor such policy and individually approve all sponsorships or patronages that exceed the limit set by the Board, and that have to be approved by the Board.


4) To promote the development of the Telefónica Group’s Corporate Reputation and Responsibility project and the implementation of the core values of such Group.


The Reputation and Corporate Responsibility strategy is implemented through the Global Responsible Business Plan. This plan includes objectives in aspects such as: ethical behavior, human rights, customer promise, environment, climate change, supply chain, digital trust, talent and diversity, and sustainable innovation, as well as other topics that are identified as risks or opportunities for the company in relation to sustainability. The Commission is also pursuing recurrent issues such as reputation metrics and sustainability and reputation risk mapping.


Composition

The composition of the Regulation and Institutional Affairs Committe is as follows:

Name Position Date of Appointment
Mr. Ignacio Moreno Martínez Chairman July 26, 2017
Ms. María Luisa García Blanco Member May 30, 2018
Mr. Jordi Gual Solé Member January 31, 2018
Mr. Francisco Javier de Paz Mancho Member April 27, 2016

 

OTHER ADVISORY OR MONITORING COMMITTEES