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102
Corporate Governance Report
RECOMMENDATIONS (Corp. Gov. Code)
COMPLIANCE
II.4. GENERAL AND SUPERVISORY BOARD, FINANCIAL MATTERS
COMMITTEE, AUDIT COMMITTEE AND STATUTORY AUDIT
COMMITTEE
II.4.1. In addition to the exercise of its supervisory duties, the General
and Supervisory Board shall advise, monitor and continuously
assess the management of the company by the Executive Board
of Directors. The matters on which the General and Supervisory
Board shall give opinion include: i) the definition of the company’s
strategy and general policies; ii) the group’s business structure; and
iii) decisions that should be considered strategic due to the amounts
or the risks involved or their special characteristics.
Not applicable
See Chapter 0
Point 04.II.4.1
II.4.2. The annual reports on the activity carried out by the General
and Supervisory Committee, the Financial Matters Committee,
the Audit Committee and the Statutory Audit Committee shall be
disclosed on the company’s website together with the financial
statements.
Complied with
See Chapter II
and III
Point II.4 and
III.15
II.4.3. The annual reports on the activity carried out by the General
and Supervisory Board, the Financial Matters Committee, the
Audit Committee and the Statutory Audit Committee shall include
a description on the supervisory activity and shall mention any
restraints that they may have come up against.
Complied with
See Chapter II
and III
Point II.4 and
III.15
II.4.4. The Financial Matters Committee, the Audit Committee and
the Statutory Audit Committee (depending on the applicable model)
shall represent the company for all purposes at the external auditor,
and shall propose this services supplier, the respective remuneration,
ensure that adequate conditions for the supply of these services
are in place within the company, as well as being the liaison officer
between the company and the first receiver of the reports.
Complied with
See Chapter II
Point II.21