{"id":1660,"date":"2020-04-22T10:31:57","date_gmt":"2020-04-22T09:31:57","guid":{"rendered":"http:\/\/localhost\/talgo\/?page_id=1660"},"modified":"2023-06-30T13:07:36","modified_gmt":"2023-06-30T12:07:36","slug":"good-governance","status":"publish","type":"page","link":"https:\/\/talgo2022.quumproyectos.com\/en\/good-governance\/","title":{"rendered":"Good Governance"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto width_full\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_boxes valign_top reversed\"><div class=\"vc_col-sm-6 vc_hidden-sm vc_hidden-xs wpb_column vc_column_container has-fill hero\"><div class=\"vc_column-inner us_custom_f63a68c6\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_90afce55\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_45fafaad has_text_color\" ><div class=\"wpb_wrapper\"><h4>Chapter 3<\/h4>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"wpb_text_column us_custom_aeb12263\" ><div class=\"wpb_wrapper\"><h1>Good<br \/>\nGovernance<\/h1>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"w-menu us_custom_6e0151f1 layout_ver style_links us_menu_1\"><ul id=\"menu-chapter-3\" class=\"menu\"><li id=\"menu-item-2659\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2659\"><a href=\"#estructura_de_gobierno_corporativo\">1. Corporate governance structure<\/a><\/li><li id=\"menu-item-2660\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2660\"><a href=\"#gestion_de_riesgos\">2. Risk management<\/a><\/li><li id=\"menu-item-2661\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2661\"><a href=\"#etica_y_cumplimiento\">3. Ethics and compliance<\/a><\/li><\/ul><style>.us_menu_1 .menu>li{margin-bottom:1.5rem}.us_menu_1 .menu>li>a{color:#333333}.us_menu_1 .menu>.menu-item:not(.current-menu-item)>a:hover{color:var(--color-header-middle-text-hover)}.us_menu_1 .menu>.current-menu-item>a{color:var(--color-header-middle-text-hover)}@media ( max-width:600px ){.us_menu_1 .menu{display:block!important}.us_menu_1 .menu>li{margin:0 0 1.5rem}}<\/style><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color with_line width_default thick_1 style_solid color_secondary align_center\"><div class=\"w-separator-h\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_2894a7d6 height_custom with_img\" id=\"estructura_de_gobierno_corporativo\"><div class=\"l-section-img\" style=\"background-image: url(https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/filigrana_gris.gif);background-position: bottom right;background-repeat: no-repeat;background-size: auto;\" data-img-width=\"631\" data-img-height=\"60\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_3090c82c\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">1.<\/span> Corporate governance structure<\/h2>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom with_overlay\"><div class=\"l-section-overlay\" style=\"background: #e5e5e5\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 vc_hidden-sm vc_hidden-xs wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image align_none\"><a href=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en.jpg\" ref=\"magnificPopup\" aria-label=\"Link\" class=\"w-image-h\"><img width=\"1677\" height=\"678\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en.jpg 1677w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en-300x121.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en-1024x414.jpg 1024w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/organigrama_ancho_en-600x243.jpg 600w\" sizes=\"(max-width: 1677px) 100vw, 1677px\" \/><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_278d8c57 height_custom mobile_only with_overlay\"><div class=\"l-section-overlay\" style=\"background: #e5e5e5\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 vc_hidden-lg vc_hidden-md wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_5ca5e8c1 align_none\"><div class=\"w-image-h\"><img width=\"850\" height=\"1986\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/board_ENG_2.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/board_ENG_2.jpg 850w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/board_ENG_2-128x300.jpg 128w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/board_ENG_2-438x1024.jpg 438w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/board_ENG_2-171x400.jpg 171w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_15a105a8 iconpos_left style_default color_primary align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">General Shareholders Meeting<\/h4><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>The Ordinary General Meeting of Shareholders was held in person and by electronic means on 29 March 2022 on first call, in accordance with the regulations in force at the time of the meeting and was attended by 279 shareholders owning 95,135,654 shares, accounting for 77.069% of the share capital. The final quorum of attendance exceeded 50% of the subscribed voting share capital required by article 193 of the Spanish Limited Liability Company Law, to which article 18 of the Articles of Association refers for the valid constitution of the General Meeting on first call.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_15a105a8 iconpos_left style_default color_primary align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Board of Directors<\/h4><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Throughout 2022, the Board of Directors of Talgo met a total of 11 times with a percentage of attendance in person of the total votes during the year of 93.4%.<\/p>\n<p>In order to comply with best corporate governance practices, the number of members of the Board of Directors was reduced from 15 to 10 during the financial year 2022. They are re-elected every four years, coinciding with the term established by company regulations.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom with_img parallax_ver\"><div class=\"l-section-img\" style=\"background-image: url(https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/background_sostenibilidad.jpg);\" data-img-width=\"1260\" data-img-height=\"538\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom with_overlay\" id=\"gestion_de_riesgos\"><div class=\"l-section-overlay\" style=\"background: #F7F7F7\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">2.<\/span> Risk management<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo has implemented a risk management model, approved and monitored by the Audit Committee, and ultimately led and governed by the Board of Directors, which applies to all subsidiaries and permanent establishments in all countries where it operates. The driving force behind Talgo&#8217;s risk management is the current risk management policy, along with its principles and guidelines, which has been in force since 2020.<\/p>\n<p>Coinciding with the reassessment of critical risks 2020, such risks are systematically studied in the company at the beginning of each year, the model is reviewed and improvements are introduced to maintain a updated and consolidated system over time, where the consolidation of a culture of risk prevention and mitigation and internal control is a crucial aspect of its successful operations.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p><strong>Table of risks<\/strong><\/p>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo has defined a risk framework that identifies the main risks related to the environment and regulatory, financial, financial reporting, fraud and compliance and industrial risks. Both the particular risks indicated in each section and the control measures applied can be consulted in the <a href=\"https:\/\/investors.talgo.com\/en\/web\/investors\/informe-anual-de-gobierno-corporativo-en#qdye_-pdf-1\" target=\"_blank\" rel=\"noopener\">2022 Corporate Governance Report<\/a> published on the Talgo website (pages 42-44).<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_c6dfffe4 align_none\"><div class=\"w-image-h\"><img width=\"756\" height=\"465\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/riesgosb.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/riesgosb.png 756w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/riesgosb-300x185.png 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/riesgosb-600x369.png 600w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom\" id=\"etica_y_cumplimiento\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">3.<\/span> Ethics and compliance<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_middle vc_inner\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo&#8217;s compliance programme is implemented through the Group&#8217;s anti-fraud and anti-corruption policy.<\/p>\n<p>The mission of the compliance programme is to contribute to Talgo&#8217;s sustainability and good reputation by promoting compliance with all applicable laws and the Code of Ethics, based on an effective risk management system.<\/p>\n<p>The <a title=\"External access to Code of Ethics in Talgo's site\" href=\"https:\/\/investors.talgo.com\/en\/reglamentos-internos#ywwz_-pdf-4\" target=\"_blank\" rel=\"noopener\">Code of Ethics<\/a> encourages anyone to report any non-compliance with legislation or internal policies.<\/p>\n<p>The company promotes the use of the Ethics Channel, a confidential system that can be accessed via the company&#8217;s intranet or website (www.talgo.com) and which it has outsourced through the company &#8220;i2Ethics&#8221; to provide it with the greatest independence in management.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_c6dfffe4 align_none\"><div class=\"w-image-h\"><img width=\"610\" height=\"373\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/etica.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/etica.jpg 610w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/etica-300x183.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/etica-600x367.jpg 600w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_eb849559\"><div class=\"wpb_wrapper\"><div class=\"w-btn-wrapper width_auto align_left\"><a class=\"w-btn us-btn-style_5 icon_atleft\" title=\"Talgo&#039;s business\" href=\"https:\/\/talgo2022.quumproyectos.com\/en\/talgos-business\/\"><i class=\"far fa-arrow-left\"><\/i><span class=\"w-btn-label\">Previous<\/span><\/a><\/div><div class=\"w-btn-wrapper width_auto align_left\"><a class=\"w-btn us-btn-style_5 icon_atright\" title=\"Business sustainability and responsibility\" href=\"https:\/\/talgo2022.quumproyectos.com\/en\/business-sustainability-and-responsibility\/\"><span class=\"w-btn-label\">Next<\/span><i class=\"far fa-arrow-right\"><\/i><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Chapter 3 Good Governance 1. Corporate governance structure2. Risk management3. Ethics and compliance1. Corporate governance structure General Shareholders MeetingThe Ordinary General Meeting of Shareholders was held in person and by electronic means on 29 March 2022 on first call, in accordance with the regulations in force at the time of the meeting and was attended...","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1660"}],"collection":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/comments?post=1660"}],"version-history":[{"count":16,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1660\/revisions"}],"predecessor-version":[{"id":2698,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1660\/revisions\/2698"}],"wp:attachment":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/media?parent=1660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}