The Board of Trustees of Fundación Impuestos y Competitividad, aware of the requirements regarding good governance that society demands and following the pattern set by the most relevant institutions and firms in our country, has analysed during 2019 the appropriateness and timeliness of taking on an ethical commitment, additional to the one derived from its legal status as Foundation set up for public interest purposes and set out in its Articles of Association.
This reflexion has ultimately led to the establishment of a Code of good governance and ethical conduct, approved by the Board of Trustees of Fundación Impuestos y Competitividad in its meeting of 12 December 2019; in terms which are understood to be in line with the maximum requirements in terms of ethics and social commitment.
In keeping with this commitment and the transparency objectives inherent in good governance, and as agreed by the Board of Trustees of the Foundation, public disclosure of said Code and the commitments included therein with respect to the management and operation of Fundación Impuestos y Competitividad is obligatory. Specifically, the external dissemination of the Code is established in Rule 10 of the Code, in application of which the whole text of the Code is published.