EDPR has a solid and independent governance with reputed managers leading daily business and independent members at the top of the Committees, reinforced by an incentive structure with transparent remuneration.
Governing Bodies
Get to know our Governing Bodies, knowing that the roles of Chairman and CEO are separated; 9 out of 17 board members are independent; all members of Audit and Remuneration Comittees are independent.
Remuneration Policy
The definition of the proposal of the remuneration policy for the members of the Board of Directors is incumbent on Nominations and Remunerations Committee which is appointed by the Board of Directors.
This Committee defined the remuneration to be attributed to Directors and members of the Executive Committee, to reflect:
- The performance of each of the members in each year of their term of office (variable annual remuneration);
- Their performance during their term of office establishing a variable component, which is consistent with the maximization of the Company’s long-term performance (variable multiannual remuneration for a three-year period), thereby guaranteeing the alignment of the performance of the governing bodies with the interests of the shareholders.
Remuneration policy
EDPR governance model is reinforced by an incentive structure with transparent remuneration through variable remuneration based on key performance indicators.
Components
The variable remuneration 2014-16 is defined in line with the strategic pillars through 12 KPIs
- Opex/MW
- Capex/MW
- Incremental MW
- Technical availability MW
- EBITDA
- ROIC Cash
- Net profit
- Asset rotation & Tax Equity
- Appreciation of the Remuneration Comittee
- Satisfaction (emplyees)
- Sustainability
- CEO/ CFO/ Exec. Non-officers
- COOs
- Global
Ethics
EDPR is governed by a strong sense of ethics, whose principles are embodied in the day-to-day activities of its employees.
