Page 64 - MEDIASET ESPAÑA / 2012. Corporate Responsibility Report

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OUR BUSINESS
Global Reporting Initiative (GRI)
The Global Reporting Initiative (GRI) is a non-profit
organization that promotes economic, environmental and
social sustainability to all kind of organizations. It provides
all companies and organizations with a comprehensive
sustainability reporting framework that is widely used
around the world. The framework provides reporting
guidelines to develop sustainability reports, principles and
indicators that companies could use in order to measure
and communicate their economic, environmental and
social performance and has improved its definition with
different sector supplement complementary to the main
framework.
Since 2010, Mediaset España has taken part in its
international multistakeholder media working group. The
group has been working on the development of a media
sector supplement, adapting GRI general principles to the
needs of the media sector. The final version of the sector
supplement was delivered in the middle of 2012 and has
been followed by Mediaset España in the development of
its Corporate Responsibility Report 2012.
Participation in the Spanish Issuers Association
Regarding Corporate Governance improvement, Medi-
aset España has joined in 2012 the Spanish Issuers Asso-
ciation, which has the purpose of:
• Promoting measures which strengthen legal certainty
in all matters concerning the issuing of traded securities.
• Participating in the development of a better legal
framework both at national and European level.
• Contributing to the development of high standards of
corporate governance.
• Promoting communication between companies and
their shareholders.
• Maintaining a relationship of dialogue and co-operation
with the public authorities and in particular with the
National Securities Market Commission (CNMV).
Corporate Governance
Mediaset España carries on an ongoing process of
reflection and analysis to ensure that its rules of
governance are in line with the best practices laid down
in the Unified Code of Good Governance and recent
changes to the law. This act of responsibility is reflected
in the fact that, year after year, it is in the top places as
regards corporate governance among the companies of
the IBEX 35 according to the study prepared annually by
the Observatory of Corporate Social Responsibility.
A series of changes were made to the rules of governance
in 2012 with a view to incorporating changes to the law,
reinforcing the rights of shareholders and increasing
transparency as regards the management of the company.
The changes have strengthened the rights of shareholders,
who are guaranteed equal treatment in the same position
as regards rights to information, participation and exercise
of the right to vote; the means of announcing the calling
of the General Meeting have been extended in order to
ensure more rapid and non-discriminatory access; and
a shareholders’ forum has been opened in the website
which is kept active until the General Meeting is held.
The control mechanisms for avoiding conflicts of interest
have also been strengthened and measures have been
developed in the event of a situation of conflict of interest
occurring.
Amendments to the Regulations of the Board of
Directors include the inclusion among the powers of the
board of the drawing up of the Directors’ Remuneration
Policy Report - following a favourable report from the
Appointments and Remuneration Committee.
This report contains a detailed breakdown of the
remuneration received by the directors and includes a
detailed and individualised description of all amounts
received during the year of the report including earnings,
living expenses, any additional remuneration received,
contributions to fixed contribution pension plans and
other items. It also contains information on the system
of remuneration which will determine directors’ earnings
in 2013, and the structure and amounts of remuneration
paid to senior executives of Mediaset España and of the