This policy adheres to relevant legal frameworks to ensure that Iguality operates in full compliance with Spanish and Catalonian laws regarding conflicts of interest and the compensation of board members.
- Spanish Law on Associations (Law 1/2002): Under Spanish Law 1/2002, which governs non-profit associations, board members of nonprofits are prohibited from receiving remuneration unless specifically outlined in the statutes of the organisation. This ensures that board members are serving in their capacity out of a commitment to the organisation’s mission, not for financial gain (ICNL).
- Foundation Act 50/2002 (for Foundations): Although not directly applicable to all non-profits, this law mandates that at least 70% of a foundation's income must be used for its stated charitable purpose. This reinforces the expectation that board members should act in the best interests of the organisation, with strict rules to prevent the diversion of funds for personal gain (VISION_FACTORY).
- Catalonian Law on Non-Profit Organisations: Catalonian law also mandates transparency in the operation of non-profit organisations, requiring that conflicts of interest be disclosed and handled appropriately. Non-profits must ensure that their decision-making processes are transparent and that any conflicts are addressed to prevent any actions that could undermine the organisation’s integrity (ICNL).
Iguality adheres to these legal requirements by ensuring that board members do not receive compensation for their roles as directors unless stated explicitly in the organisation's statutes. In cases where board members are also employed by the organisation in another capacity, their roles as board members and employees are kept entirely separate to prevent any potential conflicts of interest. This policy aligns with the legal framework in Spain and Catalonia to maintain the highest standards of governance and accountability.