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Good governance

Good governance is realized at Abengoa through the implementation of a set of sound practices which govern the relationships between the company’s range of governing bodies and company stakeholders. These practices are grounded in transparency and rigor in management and they facilitate interaction with the market as a whole by creating sustainable long-term company value.

Given its distinct global dimension, Abengoa has voluntarily introduced best international market practices into its business culture and internal operations, while attending to the company’s strategic management at the same time. The company meets all requirements stipulated for stock market listing in the US, upholds the provisions of the Sarbanes-Oxley Act (SOX) , particularly in relation to the struggle against fraud and bad practices, and complies with the US Foreign Corrupt Practices Act (FCPA), the law regulating all activities of any companies operating in the US, regardless of their country of origin. Furthermore, in 2013, the company initiated the creation of Corporate Compliance,  a program for managing regulatory compliance in accordance with the recommendations of the US Federal Sentencing Guidelines for Corporations, thereby upholding this new dimension of international corporate responsibility.

With the aim of reporting to stakeholders on the company’s performance in the realm of Corporate Governance, Abengoa publishes its annual Report, which, since 2009, is reviewed by an independent third party.