Duties entrusted to the Committee

  • Monitor and analyze the remuneration of members of the Board of Directors and the company’s senior management team.
  • Issue proposals on the remuneration of members of the Board of Directors and the company’s senior management team.
  • Prepare the relevant information to be included in the annual accounts.
  • Issue a proposal to the Board of Directors on the appointment to the Board, by co-optation, of Mr José Borrell Fontelles, following the departure of Mr Miguel Ángel Jiménez-Velasco Mazarío.
  • Issue a proposal to the Board of Directors prompting the latter to submit Mr José Borrell Fontelles’ appointment (appointed as independent director by co-optation on 27/07/09) to the upcoming General Shareholders’ Meeting for ratification.
  • Issue a proposal to the Board of Directors on the approval of the company’s annual Report on Directors’ Remuneration Policy.
  • Draw up a report to verify that directors continue to meet the requirements governing Board membership, with due regard to the nature or type of director in question.
  • Furnish the Board of Directors with a report on the remuneration of Board members and the company’s senior executive officer.
  • Issue reports on market studies conducted by independent experts and market comparisons on remuneration.