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C.1.17 State, if applicable, the identity of Board members who are also members of the Board of Directors of companies of significant shareholders
and/or entities in their group:
Name or company name of Director
Company name of major shareholder
Position
MR FRANCISCO JAVIER ILLA RUIZ
GRUPO INVERSOR HESPERIA, S.A
JOINT DIRECTOR
MR XIANYI MU
TANGLA SPAIN, S.L.
CHAIRMAN
MR CHARLES MOBUS
TANGLA SPAIN, S.L.
DIRECTOR
MR HAIBO BAI
TANGLA SPAIN, S.L.
DIRECTOR
MR LING ZHANG
HNA GROUP CO LIMITED
DIRECTOR
Provide details, if applicable, of the relevant relationships other than those included in the previous heading, of the members of the Board of
Directors with major shareholders and/or in entities of their Group:
Name or business name of the associated Director
Name or business name of the related major
shareholder
Description of relationship
MR JOSE ANTONIO CASTRO SOUSA
GRUPO INVERSOR HESPERIA, S.A
NATURAL PERSON REPRESENTING THE
JOINT AND SEVERAL ADMINISTRATOR
EUROFONDO, S.A.
C.1.18 State whether there has been any change to the regulations of the Board during the year:
YES
Description of changes
The Board of Directors, in its meeting on 29 April 2015, decided to approve the modification of certain articles of the Regulations of the Board
of Directors, with the aim of including the latest innovations regarding corporate governance introduced by Law 31/2014, of 3 December,
modifying the Corporate Enterprises Act to improve corporate governance, as well as some of the recommendations included in the new Code
of Good Governance of Listed Companies, approved by an Agreement of the Board of the Spanish National Securities Market Commission on
18 February 2015.
Furthermore, on 27 July 2015, the Board decided to modify articles 24 and 26 of the Regulations of the Board of Directors in order to include
the possibility for other Directors who have expressed an interest and have been authorised by the Board of Directors to attend and participate
in both the Executive Committee and the Appointments and Remunerations Committee, with the right to speak but not vote.
Finally, on 29 October 2015, the Board of Directors once again approved a modification to said Regulations in order to perform the necessary
changes resulting from the Board’s approval of the co-chairmanship of the company, which resulted in the appointment of a Chairman of
the Board and a Chairman of the Executive Committee, and furthermore proposing the alternation of said Chairmen in chairing the General
Shareholders’ Meeting on a rotating basis. Additionally, the Regulations of the Board of Directors were modified to include the latest changes
established in Law 22/2015, of 20 July, on Accounts Auditing, as well as some additional new provisions set out in the aforementioned Code
of Good Governance of Listed Companies (mainly, the change in the denomination of the Appointments and Remunerations Committee to the
Appointments, Remunerations and Corporate Governance Committee).
ANNUAL CORPORATE GOVERNANCE REPORT
