The evaluation process is structured in two phases: (i) a first phase during which information is obtained from the directors, and (ii) a second phase during which such information is analysed and conclusions are drawn, in order to identify potential areas for improvement and implement specific measures that may help to further improve IBERDROLA’s Corporate Governance System (made up of the By-Laws, the corporate policies, the internal corporate governance regulations, and other codes and internal procedures approved by the competent bodies of the Company).