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be adopted, as these were introduced
through Law 22/2015, of 20 July, on
Accounts Auditing.
Moreover, in 2015
Atresmedia
has
successfully completed the standards of
its Corporate Governance System with
the
approval by its Board of Directors
of corporate policies
concerning those
issues reserved to this body:
•
Corporate governance policy
•
Director selection policy
•
Corporate tax policy
•
Communication with shareholders and
investors policy
•
Corporate responsibility policy
These policies systematically and
formally set out the set of principles,
action criteria and methodologies that
Atresmedia
was already applying and all
those targeted at achieving a system of
corporate governance that is consistent
and efficient for the promotion of
corporate interest, with this understood
as the common interest of
Atresmedia
and its stakeholders, as well as for the
creation of shared value.
As regards the governing bodies of listed
companies, we should point out that the
regulatory evolution in issues of corporate
governance has consolidated the growing
importance of the Audit and Control
Committee, whose powers, specialisation,
responsibility and level of autonomy have
been progressively reinforced through all
regulatory changes.
In 2015 the Corporate Enterprises Act
was once again reformed through: (i)
Final provision one of Law 9/2015, of 25
May, on urgent measures of insolvency
matters; and (ii) Law 22/2015, of 20
July, on Accounts Auditing whereby in
2016
Atresmedia
will adapt its internal
regulations to these changes. The overall
purpose of said changes is to consolidate
and reinforce the independence of this
Audit Committee, endowing it with
all powers required to guarantee the
efficacy of its qualified and independent
intervention in the corporate governance
of the listed company, in which it plays an
essential role, with the full backing of the
Company’s Board of Directors.
The new regulation also reinforces
the intervention and responsibility of
the Audit Committee in the process
of selecting the outsourced accounts
auditor to protect the interests of the
company and all those that work and
collaborate at the company, favouring
ethical and responsible behaviour, both
ATRESMEDIA
| ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |
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