our morphology

1.4.1. governance model

The Governance Model identifies the Group's top management bodies and how they relate to each other. At Nors , the key governance bodies of the corporate model are the Board of Directors and the Executive Board, which has delegated powers for the day-to-day management of the Group. Other corporate governance bodies include the Statutory Auditor, the Remuneration Committee and the Company Secretary.

Nors ' Governance Model reflects the Group's purpose and value proposal, as well as a set of other governance principles that guide the organisation's morphology and its actions with its key stakeholders, of which we highlight:

Ethics And Conduct

Nors employees must guide their conduct by principles of honesty, integrity and absolute respect for Human Rights.

Legal And Regulatory Compliance

All Group employees must, within the scope of their functions, comply with the law and internal regulatory documentation.

Knowledge Sharing And Collaboration

The Group fosters an open, collaborative environment that promotes the sharing of organisational knowledge.

Innovation And Creativity

Nors promotes and values an environment of constant innovation and creativity, allowing the organisation to evolve and follow the latest market trends in its different areas of activity.

composition, operation and responsibilities by body

General Meeting

The General Meeting is made up of all the shareholders with voting rights in the Group's parent company, Nors , S.A..

Remuneration Committee

The Remuneration Committee is elected at a General Meeting. Is responsible to define the remuneration of the company’s governing bodies.

Statutory Auditor

By law, supervision of the company is led by a Statutory Auditor, who will be a chartered accountant or a firm of chartered accountants. The Statutory Auditor has the powers that the law attributes to the Audit Committee.

Board Of Directors

The Group is managed by a Board of Directors elected at a General Meeting. The Board of Directors has the overall power to lead and manage the Group within the scope of the corporate purpose and the powers attributed to it by the Nors , S.A. articles of association.

Executive Board

The Executive Board is responsible for defining and implementing the transversal policies which materialise the strategy approved by the Board of Directors. It is also responsible for the day-to-day management of the Group's portfolio, monitoring the performance of its business areas and operations.