To	such	end,	in	financial	year	drew on the advisory services of PricewaterhouseCoopers Asesores de Negocios, S.L. Pursuant to article 48.1 of the By-Laws, the overall limit to the amounts that Iberdrola may annually allocate to the directors each year as an expense, including, in the case of executive directors, remuneration payable for performing executive duties, as well as the funding of a reserve to meet the liabilities assumed by the Company in connection with pensions, payment of life insurance premiums, and	payment	of	severance	to	former	and	current	directors,	is	2%	of	the	consolidated	group’s	profit	 for	the	financial	year,	after	allocations	to	cover	the	legal	and	other	mandatory	reserves	and	after	 declaring a dividend to the shareholders of not less than 4% of the share capital.