ters on the meeting agendas, even for those he did not
attend.
The non-executive director took part in various meet-
ings of the Executive Committee, particularly in those
dealing with topics involving the Group’s business plan-
ning and strategy.
He frequently requested detailed information from the
Executive Committee about decisions made with re-
spect to developing and expanding the businesses.
At operational level he maintained a close relationship
with the Management Control and Planning Depart-
ment. Professor Vázquez-Dodero met five times with
the department officers to together evaluate methodol-
ogies and tools and determine ways to improve control
of the businesses. He also contributed relevant macro-
economic information to help assess the situation in
Spain.
Management Control supplied him quarterly with de-
tailed information enabling him to follow operational
activity and evaluate the performance of executive
management vis-à-vis the plans and budgets approved
by the Board of Directors. All explanations requested
were provided.
The non-executive member attended all meetings with
the Fiscal Council and followed all Corporate Govern-
ance matters that arose during the financial year.
ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2012
79
