LONDON, January 26, 2016 /PRNewswire/ --
Spanish energy giant Iberdrola has been named the European utility company with the best corporate governance practices for the third year running in the annual Ethical Boardroom Corporate Governance Awards 2016.
Ethical Boardroom Magazine, the leading journal for global governance issues, has recognised Iberdrola as a regional leader in corporate governance in its 2016 Awards that reward outstanding companies who have exhibited exceptional leadership in the area of governance to ensure protection and long-term value for all their stakeholders.
All finalists are publicly listed companies that have undergone a thorough analysis of 120 governance factors and extensive scrutiny on governance attributes categorised under four pillars - Board Composition, Board Committees, Shareholder Rights and Transparency.
"Iberdrola has set the standard for corporate governance in the European utilities sector," said Miles Hamilton-Scott, Executive Editor at Ethical Boardroom. "This award is a testament to its commitment to ensuring social responsibility plays an integral part of commercial successes."
In an interview with Ethical Boardroom, Iberdrola's Chairman & Chief Executive Officer Ignacio Galán, said: "As a responsible and sustainable enterprise, we believe that corporate governance, ethics, innovation, respect for the environment and biodiversity, the support for culture, and social actions are key aspects at our company."
"We aim to create value for all of our stakeholders - our shareholders, employees, customers and suppliers - and contribute to progress in all of the territories in which we operate. Iberdrola serves society and, more importantly, the well-being of people."
Detailed information on the Ethical Boardroom Corporate Governance 2016 Awards can be found at http://ethicalboardroom.com, with this year's Europe and Africa winners revealed in the Winter 2016 print edition - available to subscribers now.
About Ethical Boardroom Magazine:
Ethical Boardroom is a premier, subscription-based magazine and website that is trusted by influencers for delivering in-depth coverage and astute analysis of global governance issues. Ethical Boardroom, published quarterly and distributed to corporate secretaries, general legal counsels and board directors of both publicly traded corporations and large private companies worldwide, is essential reading for those who want to stay ahead of the governance curve.
SOURCE Ethical Boardroom Coorporation Limited