Governance

The ultimate party responsible for the organization’s sustainability is the Administrative Counsel through its Regulation and Institutional Affairs Committee. In this scope, its mission is to approve and monitor the Global Business Principle Plan. The Committee is made up of six Counselors, meeting periodically and whenever the Counsel requests its intervention.


At an executive level, the Global Department for Corporate Ethics and Responsible Business is responsible for proposing and coordinating the strategy having to do with sustainability. This department reports to the Global Department for Public and Regulatory Affairs, which answers directly to the CEO and is present on the Executive Committee.

Lastly, there is a horizontal organ throughout the Company, the Responsible Business Office, that is in charge of monitoring the implementation of the plan in all of the organization’s activities.

In this Office, the following areas are represented by the Human Resources, Internal Audit, General Secretary, Chief Commercial Development Officer, Purchasing, Operations, Compliance and the Global Corporate Ethics and Responsible Business departments, permanently, being able to participate in a specific way other areas when the matter treated is directly related to their function.

The Business Principles Office is replicated on a national level, in almost all Telefónica operators.

In addition, in order to maintain the integrity and transparency in the management of our risks we have specific organizational units:
 

  • Internal audit units in all countries where we hold significant interests.
  • Inspection unit specialized in fraud prevention work and investigation of complaints.
  • Intervention unit in the main companies payments.
  • Global address and local units of sustainability.
  • Corporate risk management unit, which centralizes and reports the information received from the local areas of risk management, implemented in major operations of the Group.
  • Since February 2016, it has created a corporate level the figure of the Chief Compliance Officer, which reinforces and strengthens our culture of compliance.

In this Office, the following areas are represented by the Human Resources, Internal Audit, General Secretariat, Chief Commercial Development Officer, Purchasing, Operations, Compliance and the Global Corporate Ethics and Sustainability Responsible Business departments, Being able to participate in a specific way other areas when the matter treated is directly related to its mission.

 

 

Regulation and Institutional Affairs Committee

Committee Members:
  • D. Julio Linares López *
  • Dª Eva Castillo Sanz
  • D. Gonzalo Hinojosa Fernández de Angulo
  • D. Antonio Massanell Lavilla
  • D. Ignacio Moreno Martínez
  • D. Francisco Javier de Paz Mancho

*Commitee President.