The Global Tax Division approves and periodically reviews guidelines for the evaluation and management of tax risk applicable to all companies of the Group, which include objective standards to classify transactions based on the tax risk thereof, as well as different procedures for the approval thereof, and acts as the body responsible for tax compliance within Iberdrola, in coordination with the Compliance Unit, proactively and independently endeavouring to ensure compliance with tax provisions as well as with the principles and good practices contained in the Corporate Tax Policy.