Corporate Governance

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Telefónica has a firm commitment to continually improve its Corporate Governance framework. To this end, we increase, strengthen and consolidate the best practices in this area.

An increasingly diverse Board of Directors

Mr. José Javier Echenique Landiríbar
Mr. José María Abril Pérez
Mr. José María Álvarez-Pallete López
Mr. Isidro Fainé Casas
Mr. Ángel Vilá Boix
Mr. Antonio García-Mon Marañés
Ms. Verónica Pascual Boé
Mr. Juan Ignacio Cirac Sastuain
Ms. Claudia Sender Ramírez
Mr. Peter Löscher
Ms. Sabina Fluxà Thienemann
D. Peter Erskine
Mr. Jordi Gual Solé
Ms. María Luisa García Blanco
D. Francisco José Riberas Mera
Ms. Carmen García de Andrés
Mr. Ignacio Moreno Martínez
Mr. Francisco Javier De Paz Mancho
Mr. Pablo de Carvajal González
Board of Directors

Click on the circle of each person to know their CV.

29.4%
Women

52.9%
Independent

17
Members

6.6 years
average duration Director position

International Diversity

Spain flag

Spain

UK flag

UK

Brazil flag

Brasil

Austria flag

Austria

% of Directors with the following knowledge and skills:

Number of Directors with international experience:

In 2019 we introduced variable remuneration linked to sustainability targets

Operating and financial targets
80%
OIBDA
30%
Operating income
30%
Free Cash Flow
20%
Non-financial targets linked to customer trust and ESG targets
20%
Customer trust
15%
  • NPS - 10%
  • NPS - GAP - 5%
ESG targets
5%
  • Trust from society (RepTrak - 3%)
  • Climate change (reduction in GHG emissions - 1%)
  • Gender Equality (women executives - 1% )

The best Programme of Commitment to shareholders

Commitment focusing on governance:

  • Dissemination and discussions of the business strategy, performance, corporate governance, remuneration and sustainability with our 200 main investors.
  • Thus far1, direct contact with 38 investors as well as calls and in-person meetings in London and Paris.

Commitment to minority shareholders:

  • 21 corporate events were held in 17 Spanish cities with a total of 600 attendees.

1. As from 29 October 2019, which reflects the aggregate scope of the relationship efforts outside the season in 2018 in 2019.

Sustainability at the highest level

Approval

Board of Directors

Supervision

Sustainability and Quality Committee

Supervise the implementation of the Responsible Business Plan

Audit and Control Committee

It supervises the compliance function, the analysis and risk management process and the reporting processes at the Company

Monitoring

Responsible Business and Reputation Office

Implementation

Corporate Support and Business Areas

Country Operators

Telefónica's executive committee

Telefónica's executive committee
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