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Corporate Governance Report
RECOMMENDATIONS (Corp. Gov. Code)
COMPLIANCE
II.1.5.6. At least one representative from the Remuneration
Committee shall attend the Annual General Meetings.
Complied with See Chapter II
Point II.1.5.6
II 1.5.7. The amount of remuneration received, in aggregate and
individual form, in other companies of the group and the pension
rights acquired in the fiscal year in question shall be disclosed in the
annual Corporate Governance Report.
Complied with See Chapter II
Point II.31
II.2. BOARD OF DIRECTORS
II.2.1. Within the limits established by law for each management
and supervisory structure, and unless the company is very small,
the Board of Directors shall delegate the day-to-day running of the
company. The powers delegated shall be described in the annual
Corporate Governance Report.
Complied with See Chapter II
Point II.3
II.2.2. The Board of Directors shall ensure that the company acts
in accordance with its objectives and shall not delegate its powers,
particularly, with respect to: i) defining the company’s general
strategy and policies; ii) defining the group’s business structure; iii)
decisions that should be considered strategic due to the amount or
risks involved or their special characteristics.
Complied with See Chapter II
Point II.3
II.2.3. If the chairman of the Board of Directors has executive duties,
the Board shall find efficient mechanisms for coordinating the work
of the non-executive members so as to ensure that they can make
independent and informed decisions and shall duly explain those
mechanisms to the shareholders in the Corporate Governance
Report.
Complied with See Chapter II
Point II.3 and II.8