Among the measures to improve its corporate governance, Bankia has created an Independent Coordinating Counselor position as a way to balance the power exerted by the Executive President. His mandate will last three years without being able to be re-elected afterwards. Furthermore, some other measures have been implemented regarding its administrative council such as an independent assessment, composition, etc. One of the greatest impact measures linked to its Corporate Governance is the release of a
new Code of Ethics and Conduct. This represents Bankia’s commitment to ethical management. The Code includes a whistleblowing mechanism for its suppliers and employees. The mechanism will be monitored by an external audit firm.
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