Code of EthicsCode of Ethics

Principles and Good Practice

Article 4. Nature and Purpose of the Foundation

The Foundation is a private, non-profit, foundation-based organisation, which has legal personality and full legal capacity to act.

According to article 6 of the Articles of Association:

The aim of the Foundation shall be the promotion of health and healthy habits in all their forms through three areas of activity: (i) education, (ii) promotion of research, and (iii) social action.


The pursuit of the aims of the Foundation shall be carried out through any of the activities referred to in Article 7 of the Articles of Association.

The Foundation, as determined by its Board of Trustees, shall freely act in the manner it considers most appropriate in order to reach the aforementioned objectives.

Article 5. Ethical Behaviour

Respect for ethics shall inspire the action of the Foundation’s directorial bodies.

Ethical behaviour entails diligence, good faith and the priority interests of the Foundation.

Article 6. Social Responsibility

The Foundation shall analyse the economic and social needs of the communities in which they carry out their activities, and shall devote special attention to general well-being, equal opportunities, non-discrimination, and the deficiencies and problems of their surroundings.

Article 7. Not-for-Profit

The Foundation shall not distribute any profit, residual or otherwise, to their founding entity, not even in the case of dissolution, but rather, shall invest any surplus that it could gain into the achievement of its foundational aims, in accordance with the provisions of its Articles of Association and current legislation.

Article 8. Independence

The Foundation shall have sufficient structure to ensure its autonomy and independence.

When carrying out their duties, foundation employers and employees shall always act with loyalty to the Foundation, regardless of their own interests and those of others.

The Foundation shall not accept financial contributions that could influence its adherence to its objectives, values and principles, or its compliance with its foundational aims, or which are illegal in origin.

Article 9. Planning and Optimisation of Resources

The Foundation’s Board of Trustees shall approve any plans aimed at reaching its objectives as well as any activities that are planned in order to achieve its foundational purposes.

In addition, mechanisms shall be established for the planning, monitoring and control of the activities of the Foundation, as well as for the management of its resources.

The Foundation shall manage its resources efficiently, aiming to use them in an optimum fashion, and shall adopt the measures needed to maintain a balanced financial situation.

Supplier and contractor selection processes shall be carried out with transparency, impartiality and objectivity, and shall be based on the same quality and cost criteria.

Article 10. Accountability and Transparency

The Foundation shall publish, through its information channels, its Articles of Association, this Code of Good Governance, the composition of its directorial and management bodies, its annual accounts, a list of its activities, and any other information deemed relevant.

The Foundation shall provide its Board of Trustees and its Protectorate with information on the projects it implements, the destination of their contributions and the results and indicators obtained.

Article 11. Respect of Legal Principles

The Foundation undertakes to comply faithfully and respectfully with all legal obligations, both national and international.

The directorial bodies shall treat all those who may be affected by its actions justly and fairly, without making distinctions on the basis of birth, race, sex, religion, disability, opinion or any other personal or social condition or circumstance.

Article 12. Collaboration

In the pursuit of its foundational aims, the Foundation may collaborate with other entities, companies and institutions, either in the public or private sector, in order for its activities to have greater social impact, without compromising its identity and essential values, as stated in its Articles of Association.