The Board of Directors of AVANGRID, Inc. (the “Company” or “AVANGRID”) oversees the management of AVANGRID and its business with a view to enhancing the long-term value of AVANGRID for its shareholders. AVANGRID’s corporate governance system is inspired by and based on a commitment to ethical principles, transparency and leadership in the application of best practices in good governance and is designed to be a working structure for principled actions, effective decision-making and appropriate monitoring of both compliance and performance.
The Company’s By-Laws, the Corporate Policies, the Internal Corporate Governance Rules and the Other Internal Codes and Procedures approved or adopted by AVANGRID’s Board of Directors form the framework of governance of AVANGRID. AVANGRID’s corporate governance system is periodically reviewed by the Board of Directors, and is subject to modification from time to time. Avangrid’s Corporate Governance System reflects the main principles and that make up the corporate governance system of Iberdrola, S.A., which owns 81.5% of the outstanding shares of Avangrid common stock, subject to certain exceptions, additions, and modifications required for publicly-listed companies in the United States. Click here for more information about Iberdrola, S.A. and the Iberdrola, S.A. group of companies.
The following links provide access to the full text or a summary of the corporate polices and procedures in effect: