30
C.1.25 Indicate whether the Chairman has the casting vote:
YES
Matters for which there is a casting vote
Resolutions will be passed by absolute majority of the votes of the directors attending the meeting. In the event of a tie, the Chairman, or the Vice-chairman
substituting them, shall have the casting vote
C.1.26 Indicate whether the Articles of Association or the Board Regulations establish any age limit for Directors
YES
Age limit Chairman
70 años
Age limit Executive Director
65 años
Age limit director
70 años
C.1.27 State whether the articles of association or the Board Regulations establish a limited mandate for Independent Directors, other than as
provided for in the legal regulations
NO
Maximum number of years of mandate
C.1.28 Indicate whether the Articles of Association or the Regulations of the Board of Directors establish specific rules for delegating votes to the
Board of Directors, how this should be done, and in particular, the maximum number of delegations any Director may have, and whether
there is any obligation to delegate to a Director of the same type. If so, give a brief summary of these rules.
Article 22 of the Regulations of the Board of Directors states that directors must attend Board meetings in person. In exceptional cases when
this is not possible, they shall ensure that any representation conferred on another member of the Board includes, as far as possible, the
appropriate instructions. Such proxies may be made in writing or by any other means that ensures the truth and validity of the representation
in the Chairman’s opinion.
C.1.29 Indicate the number of meetings that the Board of Directors has held over the year. Also indicate, as applicable, the number of times that
the Board has met without its Chairman attending. The calculation of attendance includes representations made with specific instructions.
Number of Board meetings
11
Number of Board meetings not attended by the Chairman
0
State the number of meetings held by the different Board Committees over the year:
Committee
No. of Meetings
EXECUTIVE OR DELEGATE COMMITTEE
11
AUDIT COMMITTEE
7
APPOINTMENTS AND REMUNERATION COMMITTEE
7
C.1.30 State the number of meetings that the Board of Directors has held during the year with the attendance of all of its members. The
calculation of non-attendance includes representations made with specific instructions:
Attendances by Directors
6
Attendances as a percentage of total votes during the year
54.50
ANNUAL CORPORATE GOVERNANCE REPORT
