In addition, articles that competence to hold office is a requirement to be appointed as director of the Company, and expressly prescribe that directors must resign when their continuance in office may, due to their lack of competence, jeopardise, directly, indirectly, or through persons related to them, the loyal and diligent performance of their duties in furtherance of the corporate interest, which is understood as the common interest of all shareholders of an independent corporation (sociedad anónima), oriented towards the exploitation of the corporate purpose, in accordance with the provisions of applicable legislation and the Corporate Governance System of IBERDROLA.