corporate governance
Management Committee
15
As at December 31
st
2014 the members of the
Commission for Appointments and Compensations
were:
Chairman:
Mr. Francisco Román Riechmann
Members:
Mr. Francisco Javier Illa Ruiz
Mr. Xianyi Mu
Without prejudice to the foregoing, and as a
result of the entry into force of Spanish Act No.
31/2014, of December 3
rd
, amending the Act
on Corporations for the purposes of improving
corporate governance, on February 27
th
2015 the
Board of Directors of the Company approved,
prior consent of the Appointments and
Remuneration Committee the appointment of Mr.
José María López-Elola González, Independent
Member, as new member of the Appointments
and Remuneration Committee. In this way, the
requirement to include at least two Independent
Members in the Commission was met.
management COMMITTEE
Mr. Federico J. González Tejera
CEO, Chief Executive Officer
Mr. Ramón Aragonés Marín
Chief Operations Officer
Mr. Ignacio Aranguren González-Tarrío
Chief Assets & Development Officer
Mr. Íñigo Capell Arrieta
Chief Resources Officer
Mr. Roberto Chollet Ibarra
Chief Financial Officer
Mr. Isidoro Martínez de la Escalera Álvarez
Chief Marketing Officer
Mr. Carlos Ulecia Palacios
General Counsel
Audit and Control Committee
The Audit and Control Committee is responsible
for ensuring efficient internal controls, liaising with
auditors, and supervising the preparation and reporting
of financial information. It is also responsible for
internal audits, risk management systems, and all other
functions falling under its scope of competence under
the legislation in force, the Articles of Association, and
the Regulation of the Board.
As at December 31
st
2014 the members of the Audit and
Control Committee were:
Chairman:
Mr. Carlos González Fernández
Members:
Mr. Xianyi Miu
Mr. Francisco Javier Illa
Without prejudice to the foregoing, and with a view to
meeting the new legal requirements under the recently
enacted Spanish Act No. 31/2014, of December 3
rd
,
amending the Act on Corporations for the purposes
of improving corporate governance, on February 27
th
2015 the Board of Directors of the Company approved,
prior consent of the Commission for Appointments
and Compensations, the appointment of Mr. Francisco
Román Riechmann, Independent Member, as new
member of the Audit and Control Committee. In this way,
the requirement to include at least two Independent
Members in the Committee was met.
Appointments and
Remuneration Committee
The Appointments and Remuneration Committee
is responsible for functions related to proposed
appointments and terminations of directors and senior
managers of the Company , as well as for approving
compensation scales and senior management
contracts. It also deals with matters concerning the
remuneration of Board members.
