They also provide 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 their related persons, the faithful 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 company, oriented towards the accomplishment of its object, in accordance with the provisions of applicable law and the Corporate Governance System of Iberdrola.