This code is applicable to all persons working in the Red Eléctrica Group, and that shall be understood as its Board of Directors, IN THE CONSULTATIONS conducted during the drafting of the latest edition of the Code of Ethics, it became evident that there was a manifest interest on behalf of the participants on issues regarding business ethics and the mechanisms for resolving its managers and other employees in the performance of their duties and responsibilities, making it necessary for everyone to know, to understand and to undertake it.