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The Princess of Asturias Foundation

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The Foundation


Ordinary meeting of the Prince of Asturias Foundation Board of Trustees

Held today in Oviedo.

Ordinary meeting of the Prince of Asturias Foundation Board of Trustees ©FPA

The Board of Trustees of the Prince of Asturias Foundation held its annual meeting today at the Reconquista Hotel in Oviedo to approve the institution’s accounts, audit report and management report.

The agenda also included the approval of the Regulations governing the 2015 Prince of Asturias Awards and Exemplary Town of Asturias Award, in addition to hearing the reports from the president, Matías Rodríguez Inciarte, and the director, Teresa Sanjurjo.

The code of conduct for the Board of Trustees’ Assets Committee, based on the principles of security, liquidity, cost-effectiveness, diversification and non-speculation, was likewise approved at the meeting.

As stated in the Statutes of the Foundation, it is the responsibility of the Assets Committee:

- “To analyse any and all possibilities of improving the financial performance of the Foundation and to propose to the Board of Trustees the criteria it considers most appropriate for making decisions with respect to the investment of its assets”.

- “To inform the Board of Trustees on an annual basis regarding the financial perspectives of the Foundation and possible actions to increase its assets”.

The various observations made by the Board members disclosed their satisfaction regarding the positive reception of the Prince of Asturias Awards conferred so far this year.

Furthermore, the 2013 Annual Report of Activities was presented to the members of the Board of Trustees.

Both the report and the financial information and audit charter corresponding to said financial year will be available on the Foundation website as of 10th June.

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