The composition of the Board of Directors of the Parent Company and its Committees at 31 December 2019 is as follows:
– Board of Directors: 9 members in 2019 (10 members at 31 December 2018),
– Audit and Control Committee: 3 members in 2019 (3 members at 31 December 2018),
– Appointments and Remuneration Committee: 3 members in 2019 (2 members at 31 December 2018) (*).
(*) At 31 December 2018, the Appointments, Remuneration and Corporate Governance Committee was made up of two members, as well as its non-member Secretary. This situation arose from the compulsory share acquisition public offer made by MHG Continental Holding (Singapore) Pte. Ltd. and caused, among others, the departure of the Directors representing the shareholder Grupo Inversor Hesperia, SA, with Mr Jordi Ferrer Graupera on behalf of the Director Grupo Inversor Hesperia, S.A. tendering his resignation on 12 November 2018 as a member of the Appointments, Remuneration and Corporate Governance Committee At its meeting on 7 February 2019 the Board of Directors approved the appointment of Mr Stephen Chojnacki as a new member of the Committee. This appointment fulfils the composition and qualification requirements established in the Capital Companies Act.
The amount accrued during 2019 and 2018 by the members of the Parent Company’s Board of Directors in relation to the remuneration of the CEO, bylaw stipulated directors’ fees and attendance fees and other items, is as follows: