The corporate and governance of the Iberdrola group is reflected in the following chart: Such corporate and governance structure is articulated on the grounds described below, which differentiate between the duties of supervision and control, on the one hand, and those of day-to-day administration and effective management, on the other: a. Board of Directors of the Company: approval of the strategic goals of the group and the definition of its organisational model, as well as supervision of compliance therewith and development thereof.