AVANGRID’s Compliance Division is an independent and permanent area within the business and reports directly to the Audit and Compliance Committee. The Compliance Division has powers related to the prevention and correction of illegal or fraudulent conduct. Its main duties include disseminating and ensuring regulatory compliance with the Code of Business Conduct and Ethics and other company policies and procedures; fostering a culture of eliminating improper conduct, wrongful acts, corruption and fraud; and verifying the effectiveness of the company’s policies and procedures while recommending improvements aimed at achieving the highest ethical standards.
The Compliance Division prepares and publishes annual reports on Compliance and Ethics and Separation of Activities. Employees are trained annually on the Code of Business Conduct and Ethics. The training focuses on key areas of ethics and compliance, and includes scenarios illustrating the company’s commitment to ethics and compliance with applicable laws and regulations.