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The Foundation 12/14/2017

Ordinary meeting of the Princess of Asturias Foundation Board of Trustees

Held today at the Reconquista Hotel in Oviedo

The implementation of a Code of Conduct for the entire organization was approved in the course of the meeting


The Princess of Asturias Foundation Board of Trustees held its ordinary meeting corresponding to the second half of the year at the Reconquista Hotel in Oviedo today, where it approved the budget and action plan for 2018 and was informed of the activities undertaken this past year and of the Foundation’s financial situation and assets.

The Foundation’s president, Matías Rodríguez Inciarte, and director, Teresa Sanjurjo, reported on the activities undertaken by the Foundation throughout the year, focussing especially on the Princess of Asturias Awards Ceremony and the cultural events leading up to it, the activities related to the institution’s Music Department, and the impact all these events have had in the media.

The report includes information on participation in the activities organized around the Award Ceremony, which were attended by more than 20,000 people and included both official and cultural events. To this figure should be added the more than 6,600 pupils from 139 schools that participated in the “Taking the Floor” educational programme, representing an 87% increase with respect to the 2016 edition of the Awards.

The economic valuation of the news generated by the Foundation in the Spanish media during the month of October amounted to 26,255,745 euros, according to the data provided by media monitoring consultants Kantar Media.

Budget 2018
The Board of Trustees unanimously approved the action plan and budget for 2018, amounting to 5.4 million euros, a figure that consolidates the trend towards budgetary independence, with 85.5% of funding coming from the private sector and 15% from the public sector.

Code of Conduct
The meeting also saw the approval of the implementation of a Code of Conduct that is to determine “the principles of action that should guide the decisions and behaviour of the Foundation’s staff in carrying out their commitment to the institution’s mission and aims”, as stated in the Code itself.

All those persons directly involved in achieving these goals will be subject to this new Code: Trustees, members of the Princess of Asturias Board of Trustees, Patrons of the Foundation, staff (employees and associates), members of the choirs and the International Music School, members of the Juries and other agents, as well as suppliers providing their services to the Foundation.

For some years now, the institution has also had a Code of Conduct with regard to Investments, specifically applicable to the financial area and which can likewise be consulted on its website.

Emeritus Trustee
The meeting also agreed to appoint Santiago Rubio Sañudo as an emeritus trustee, as he had to step down as trustee of the institution on reaching the statutory age limit of 75. The Board of Trustees expressed its gratitude for the support he has provided since the Foundation’s inception.

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