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Governance
On 17 March 1998, the General Shareholders’ Meeting of Telefónica, S.A. resolved to formally create a Foundation specifically for social involvement called ‘Fundación Telefónica’ with registered office in Madrid. The Articles of Association and an initial provision of three hundred million pesetas were approved with the foregoing being recorded in a public deed executed before a notary public on 25 June 1998.
Articles of Association
In compliance with its general interest purposes, Fundación Telefónica carries out projects to promote the inclusive digital development of the whole of society and to provide people with the necessary digital skills to develop their full potential. Through innovative solutions, Fundación Telefónica works to respond to four major social challenges:
– Enhancing Employability
– Promoting Social and Digital Integration
– Reducing the Educational Gap
– Promoting Art, Culture and Ideas
Good Governance Code
This code interprets and develops the Articles of Association of Fundación Telefónica in order to guarantee the fulfilment of the foundational purposes, transparency and best practices established in the third sector.
Temporary Financial Investments Policy
This policy sets out the general guidelines for making temporary investments in transferable securities and financial instruments subject to the supervision of the National Securities Market Commission (CNMV for its Spanish acronym).
Principles of Action
These principles constitute Fundación Telefónica’s code of ethics, which inspires and defines the way in which it carries out its activities. For this reason, they must be observed by all the people who form part of the foundation, and are also extend to third parties with whom it has dealings.
The Principles of Action are based on three fundamental values: integrity, commitment and transparency. In line with international standards and the most demanding ethical principles, Fundación Telefónica builds its reputation and, consequently, seeks to be worthy of the trust of its stakeholders and maximise the impact of its mission on society.
Occupational Safety, Health and Wellness Policy
This policy reaffirms Fundación Telefónica’s commitment to health, safety and well-being at work, established in its Principles of Action. This commitment is based on occupational risk prevention, regulatory compliance, continuous improvement and worker participation.
Governance
