Governance

Applus+ is governed by a set of corporate rules, policies, laws, processes and institutions that define our current corporate governance model and ensure a long-term vision through good governance.

• We are sensitive to changes in laws and trends in this area, and we are committed to transparency as a key principle to managing a listed company.
• Our commitment to business ethics is managed by the Board through the CSR Committee and the top Chief Compliance Officer to ensure ethical behaviour is integrated across all our business units, geographies and operations through our Code of Ethics and associated policies.
• We integrate sustainable development criteria to drive positive social, economic and environmental impacts along the entire value chain and for stakeholders.

The governing bodies at Applus+ comprise the Board of Directors and its three committees, which focus on specific relevant areas to assist the Board in its supervisory function. All three committees report quarterly to the Board of Directors and provide a yearly report on the progress of each respective committee's duties.

Highlights of 2021

1. Amendment of the company’s Articles of Association to include remote meetings.
2. Amendment of the Board’s Regulations, approved in February and May 2021, to allow meetings to be held remotely.
3. Amendment of the Regulations of the General Shareholders’ Meeting.
4. Amendment of the Internal Code of Conduct in the Securities Markets.
5. Annual corporate governance roadshow.
6. General Shareholders’ Meeting held entirely by telematic means with the largest participation (attendance quorum) obtained to date.
7. Re-election of Ms Cristina Henríquez de Luna Basagoiti as an independent director.
8. 13 sessions of the Board of Directors.
9.  Selection process after the resignation of two independent directors and appointment of two new independent directors, one of them female, reaching the 40% representation target required by law one year ahead of schedule.
10. Evaluation of the Board of Directors by an external third party, following the CBG recommendation.

Click here to see our ethics and compliance approach.