Corporate Governance System

The purpose of our best governance practices is to ensure that both the Company's management model and the decisions made by the Board of Directors and its committees are geared towards preserving the long-term interests of our stakeholders and guaranteeing the sustainability of the group.

Governance structure

A line of multiple chairs with a white cover with the Repsol logo

Annual General Meeting

The Annual General Meeting is the independent governing body through which shareholders take part in the Company's decision-making process. The basis of its organization and functions are governed by our corporate bylaws as well as its own regulations, which include the norms governing its legal and statutory activity and completes the applicable discipline established by current trade legislation and in the Company bylaws.

View of a circle of people speaking in a hall

Board of Directors

The Board of Directors is responsible for the governance, management, and administration of the Company's businesses and interests whenever these duties are not reserved for the Annual General Meeting.

Its activity is primarily focused on general supervision and matters of particular importance to the Company.

Image from the outside of a meeting on the Repsol Campus

Board Committees

Without prejudice to the statutory capacity of the Board of Directors to create other committees, the Company currently has a Delegate Committee, Audit and Control Committee, Nomination Committee, Compensation Committee, and Sustainability Committee.

Josu Jon Imaz smiling in his office

Executive committee

Presided by Josu Jon Imaz, the Executive Committee is responsible for cross-company decisions and policymaking in the global sphere.

It approves the elements of governance needed in risk management, oversees their proper application, and monitors the Company's performance in matters related to risk.