Madrileña Red de Gas’ mission is to distribute natural gas and promote its adoption. Our approach is to carry out rigorous and transparent management of our capital for the benefit of our shareholders, employees and the broader community. We continuously strive to achieve excellence both within our business and elsewhere. To achieve this Madrileña follows stringent principles of corporate responsibility and good governance.

The board and the management committee are both committed to the good governance ethic, and in this respect each member of those bodies undertakes to use his or her best endeavors in furtherance of Madrileña’s corporate integrity.

We are aware that the proper use of our assets is vital to the success of the company, and take it upon ourselves to deal with those assets honestly, effectively and responsibly. Our approach in this domain is to follow policies that safeguard control and accountability in key decision-making areas, such as procurement and investment, appointments, remuneration, and the laying down of procedures, which must be completely transparent, verifiable and auditable.

MRG’s supreme decision-making body is the Board of Directors. Its rules of action are guided by principles of transparency – these being essential to foster trust and confidence in prospective investors, employees, customers and the wider community – and are designed to ensure compliance with best practices in corporate governance. All members of the board are highly qualified professionals characterized by integrity, independence of opinion, and a robust track record in the field of finance.

The board of Madrileña Red de Gas, comprising seven members with extensive experience in the industry, regularly receives progress reports produced by the various divisions of the organization. The management committee creates the company’s action plans and takes considered decisions with a view to achieving the intended objectives, while supervising and managing the running of the company in all respects. The committee endeavors to follow a course of effective decision-making in alignment with approved budgets and strategy.