Director selection Policy
The Board of Directors of Línea Directa Aseguradora recognises that transparency in all its actions is one of the key elements of its corporate governance strategy, including the appropriate process for selecting members of the Board, as well as the conditions and procedures that guarantee the orderly succession of the appointees.
This Policy lays down the principles, procedures and criteria that the Board of Directors of Línea Directa Aseguradora will take into account during selection processes relating to the appointment, re-election or succession of the members of the Board of Directors, all in accordance with the applicable regulations and best practices of corporate governance.
Directors' remuneration Policy
The main objective of the Remuneration Policy is alignment with the Company's interests, promoting its corporate values and culture. The remuneration system must aim to foster the long-term profitability and sustainability of the undertaking, rewarding behaviour and attitudes consistent with its culture and values, and incorporating the precautions needed to avoid excessive risk-taking and rewards for adverse outcomes.
The payment of dividends, where appropriate, and the amounts and dates of payment will depend on numerous factors including: the legal, fiscal and regulatory requirements applicable at any time; the net distributable profit or the availability of distributable reserves; the performance of the Company's business and its growth strategy; the opportunities for inorganic growth, general economic and business conditions, market returns, creditworthiness and other factors which the Board of Directors deems appropriate to take into account at all times with regard to corporate interest.
General Risk Policy
The aim of this policy is to establish the overall framework for action in managing, measuring and controlling Línea Directa Aseguradora's risks.
Through it, the Board of Directors of Línea Directa Aseguradora highlights its commitment to the establishment of an adequate control and an efficient and prudent risk management.
This policy identifies the main risks faced by the Company and the other companies integrated into the Group and organises the appropriate internal and information control systems, as well as the regular monitoring of these systems.
The tax strategy of Línea Directa Aseguradora is essentially aimed at establishing a high-level framework of action that ensures and promotes compliance with tax regulations, taking into account the corporate interest and supporting the Group's business strategy.
Related-Party Transactions Policy
The Related-Party Transactions Policy aims to describe the rules to be followed for transactions which the Company, or any of the companies in the Línea Directa Aseguradora Companies Group, carry out with Related Parties.
Sustainable Investment Policy
Línea Directa Group, through the principles and criteria defined in this document, aims to minimise the negative impact that its investments may have on both society and the environment. In turn, this Policy will allow ESG matters to be used in the definition of a more sustainable investment portfolio over time and with a lower ESG risk.
Corporate Governance Policy
The Corporate Governance Policy sets out the general principles governing the specific corporate policies approved by the Board of Directors of the Company and the internal rules and procedures on corporate governance that set the Group's internal corporate governance framework. It also defines the corporate and governance structure of the Group, including the guiding principles, the corporate bodies and their regulation, according to applicable law and best governance practices.
Policy on communication and contacts with shareholders, institutional investors and proxy advisors
The purpose of this Policy is to establish the framework and define the general principles that will govern (i) the Company's communication with shareholders, institutional investors and proxy advisors and (ii) the communication of economic-financial, non-financial and corporate information through the media, social networks or other channels, in order to ensure transparency, the disclosure and quality of public information, the protection of investors and the orderly functioning of the market.
Information Security Policy
This Policy establishes the organizational and procedural framework for developing, implementing, monitoring, reviewing, maintaining and improving the Information Security Management System to provide the appropriate level of security to preserve and/or mitigate the risks to the information assets of Línea Directa.
The content of this policy responds to the provisions of Regulation 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC ("GDPR"), as well as to the provisions of Organic Law 3/2018 of 5 December on the Protection of Personal Data and guarantee of digital rights.