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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2013
Note on the activity of the non-executive
member of the Board of Directors
The non-executive member of Ibersol’s Board of Direc-
tors, Professor Juan Carlos Vázquez-Dodero, took part
in six meetings of the Board of Directors, that is, 85%
of the meetings held. He was provided with all the nec-
essary information and documentation regarding the
business on the agenda beforehand, including for the
meetings he did not attend.
The non-executive director took part in various meet-
ings of the Executive Committee, particularly those
dealing with the strategy and planning of the Group’s
businesses.
He frequently requested detailed information from the
Executive Committee about decisions taken in relation
to business development and expansion.
In 2013, in order to better assess the new market for the
Group’s development, he travelled to Angola.
At functional level Professor Vázquez-Dodero worked
closely with the Planning and Management Control De-
partment. He met five times with the heads of the de-
partment to jointly evaluate methodologies and tools
and determine ways to improve control of the business-
es. He also contributed relevant macroeconomic infor-
mation to help assess the situation in Spain.
At quarterly intervals Management Control supplied
him with detailed information, so that he could monitor
operational activity and measure the performance of
executive management against the plans and budgets
approved by the Board of Directors. All explanations re-
quested were provided.
The non-executive director attended all the meetings
held with the Audit Committee and monitored all the
corporate governance issues that arose during the year.
Activity of the non-executive
member of the Board of Directors
