{"id":4500,"date":"2016-11-17T12:22:51","date_gmt":"2016-11-17T12:22:51","guid":{"rendered":"http:\/\/www.fundacioncristinamasaveu.com\/government\/"},"modified":"2025-12-18T09:07:38","modified_gmt":"2025-12-18T08:07:38","slug":"government","status":"publish","type":"page","link":"https:\/\/www.fundacioncristinamasaveu.com\/en\/foundation\/the-foundation\/government\/","title":{"rendered":"Government"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto\" id=\"contenedor_info\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_middle type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><nav class=\"g-breadcrumbs separator_icon align_none\" itemscope itemtype=\"http:\/\/schema.org\/BreadcrumbList\"><div class=\"g-breadcrumbs-item\" itemscope itemprop=\"itemListElement\" itemtype=\"http:\/\/schema.org\/ListItem\"><a itemprop=\"item\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/en\/\"><span itemprop=\"name\">Home<\/span><\/a><meta itemprop=\"position\" content=\"1\"\/><\/div><div class=\"g-breadcrumbs-separator\"><i class=\"far fa-angle-right\"><\/i><\/div><div class=\"g-breadcrumbs-item\">Pages<\/div><\/nav>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div>[vc_custom_heading text=&#8221;GOVERNMENT&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;tituloSeccion&#8221;]<div class=\"w-separator size_small\"><\/div>[vc_custom_heading text=&#8221;INTERNAL FUNDS&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;tituloSubseccion&#8221;]<div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>The Foundation manages its founding equity, which enables it to fulfil its objectives with internal resources, taking into account that all of its expenditure is financed entirely with funds arising from its founding capital and fund management profitability, without requesting any public or private subsidies.<\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div>[vc_custom_heading text=&#8221;GOVERNMENT, SOUND MANAGEMENT AND INVESTMENT CONDUCT&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;tituloSubseccion&#8221;]<div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p><span lang=\"en-GB\">Since it was established by the Founder, the Foundation\u2019s Board was formed in full compliance with legal requirements, and its activities as the Foundation\u2019s government are subject to legal obligations and to the supervision of the competent authority. It acts in accordance with the principles of independence, responsibility, accountability and transparency, planning and diligent management. The Board, as a governing and decision-making body, is identifiable and independent, and it acts in accordance with high ethical standards. Its members are appointed through the principles and procedures established by the Founder.<\/span><\/p>\n<p><span lang=\"en-GB\">The Foundation develops and plans effective and prudent management, with investments that guarantee better use of its resources and the preservation of its endowment assets.<\/span><\/p>\n<p><span lang=\"en-GB\">The people undertaking such investments have sufficient professional and technical knowledge and offer sufficient guarantees of proficiency, qualification and independence.<\/span><\/p>\n<p><span lang=\"en-GB\">The security, liquidity and profitability of the different investment possibilities are evaluated, monitoring the balance between the three principles.<\/span><\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"g-cols wpb_row us_custom_c7bed2f3 via_flex valign_top type_default stacking_default\" style=\"--additional-gap:1em;\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox iconpos_left style_circle color_custom align_left no_text\"><a target=\" _blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2019\/03\/A.-Co\u0301digo-de-Conducta.pdf\" class=\"w-iconbox-link\" aria-label=\"Code of Conduct\"><div class=\"w-iconbox-icon\" style=\"font-size:1em;--icon-color:#ffffff;--icon-bg-color:#7fba28;\"><i class=\"fas fa-file-pdf\"><\/i><\/div><\/a><div class=\"w-iconbox-meta\"><p class=\"w-iconbox-title\" style=\"font-size:1em;\"><a target=\" _blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2019\/03\/A.-Co\u0301digo-de-Conducta.pdf\" class=\"w-iconbox-link\" aria-label=\"Code of Conduct\">Code of Conduct<\/a><\/p><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox iconpos_left style_circle color_custom align_left no_text\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2025\/12\/Codigo-de-Conducta-2025.pdf\" class=\"w-iconbox-link\" aria-label=\"Code of Conduct for the Foundation&#8217;s investment policy\"><div class=\"w-iconbox-icon\" style=\"font-size:1em;--icon-color:#ffffff;--icon-bg-color:#7fba28;\"><i class=\"fas fa-file-pdf\"><\/i><\/div><\/a><div class=\"w-iconbox-meta\"><p class=\"w-iconbox-title\" style=\"font-size:1em;\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2025\/12\/Codigo-de-Conducta-2025.pdf\" class=\"w-iconbox-link\" aria-label=\"Code of Conduct for the Foundation&#8217;s investment policy\">Code of Conduct for the Foundation&#8217;s investment policy<\/a><\/p><\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"w-iconbox iconpos_left style_circle color_custom align_left no_text\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2025\/09\/Informe-comite-de-inversiones-FMCMP-2024.pdf\" class=\"w-iconbox-link\" aria-label=\"Annual report 2024.Compliance with the Code of Conduct in temporary financial investment policy\"><div class=\"w-iconbox-icon\" style=\"font-size:1em;--icon-color:#ffffff;--icon-bg-color:#7fba28;\"><i class=\"fas fa-file-pdf\"><\/i><\/div><\/a><div class=\"w-iconbox-meta\"><p class=\"w-iconbox-title\" style=\"font-size:1em;\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2025\/09\/Informe-comite-de-inversiones-FMCMP-2024.pdf\" class=\"w-iconbox-link\" aria-label=\"Annual report 2024.Compliance with the Code of Conduct in temporary financial investment policy\"><b>Annual report 2024.<\/b>Compliance with the Code of Conduct in temporary financial investment policy<\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_medium\"><\/div>[vc_custom_heading text=&#8221;TRANSPARENCY AND ACCOUNTABILITY&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;tituloSubseccion&#8221;]<div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>The Foundation discloses the mandate, objectives and outcome of its activities in a comprehensible and clear fashion, through its habitual dissemination channels, in accordance with the principles of advertising conduct, effectiveness, impartiality and general interest. Likewise, the Foundation undertakes its annual Action Plan, which is disclosed in accordance with legal requirements, and publishes its Activity Report on its fields of action and projects carried out.<\/p>\n<p>The Foundation acts responsibly, accounting for its actions in accordance with legal requirements and it submits its annual accounts to a prestigious external Auditing firm, which verifies its accounts, inventory and accounting report, in compliance with legal and accounting requirements. The Foundation releases and deposits its inventory, accounts and audit report on a yearly basis before the competent Public Register, according to applicable regulations.<\/p>\n<p>The foundation is a member of the <a href=\"https:\/\/philea.eu\/\">Philanthropy Europe Association (Philea)<\/a>, a benchmark association for the foundation sector Europe wide, which certifies compliance with the principles of good practice and also forms part of the Spanish Foundation Association (AEF, for its acronym in Spanish).<\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"w-image align_left\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"300\" height=\"115\" src=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2023\/11\/Logos-Philea-AEF-300x115.jpg\" class=\"attachment-medium size-medium\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2023\/11\/Logos-Philea-AEF-300x115.jpg 300w, https:\/\/www.fundacioncristinamasaveu.com\/wp-content\/uploads\/2023\/11\/Logos-Philea-AEF.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n<div class=\"gsp_post_data\" \r\n\t            data-post_type=\"page\" \r\n\t            data-cat=\"\" \r\n\t            data-modified=\"120\"\r\n\t            data-created=\"1479385371\"\r\n\t            data-title=\"Government\" \r\n\t            data-home=\"https:\/\/www.fundacioncristinamasaveu.com\/en\/\"><\/div>","protected":false},"excerpt":{"rendered":"HomePages [vc_custom_heading text=\"GOVERNMENT\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\" el_class=\"tituloSeccion\"][vc_custom_heading text=\"INTERNAL FUNDS\" font_container=\"tag:h5|text_align:left\" use_theme_fonts=\"yes\" el_class=\"tituloSubseccion\"]The Foundation manages its founding equity, which enables it to fulfil its objectives with internal resources, taking into account that all of its expenditure is financed entirely with funds arising from its founding capital and fund management profitability, without requesting any public or private subsidies....","protected":false},"author":1,"featured_media":0,"parent":4493,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-4500","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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