Annual Report and Consolidated Account
014
139
RECOMMENDATIONS
(July 18
th
2013 Corporate Governance law in
)
Details of the
adoption of the
recommendation
II.1.8.
When board members that carry out executive duties are requested by
other boardmembers, shall provide the information requested, in a timely and
appropriate manner to the request.
Adopted
The Executive
Committee makes all the
requested information
available at all time to
the members of the
other corporate bodies
II.1.9.
The Chairman of the Executive Board of the Executive Committee shall
submit, as applicable, to the Chairman of the Board of Directors, the Chairman
of the Supervisory Board, the Chair of the Audit committee, the Chair General
and Supervisory Board and the Chairman of the Financial Matters Board, the
convening notices and minutes of the relevant meetings.
Adopted
The Chairman of the
Executive Committee
makes all the
information about
committee meetings
available to the
members of the Board
of Directors and the
Audit Committee
II.1.10.
If the chair of the board of directors carries out executive duties, said
body shall appoint, from among its members, an independent member to
ensure the coordination of the work of other non-executive members and
the conditions so that these members can make independent and informed
decisions or to ensure the existence of an equivalent mechanism for such
coordination.
Adopted
Part I
Number 18.
of this Corporate
Governance Report
II.2. SUPERVISION
II.2.1.
Depending on the applicable model, the Chair of the Supervisory Board,
the Audit Committee or the Financial Matters Committee shall be independent
in accordance with the applicable legal standard, and have the necessary skills
to carry out their relevant duties.
Adopted
Part I
Numbers 32. and 33.
of this Corporate
Governance Report
II.2.2.
The supervisory body shall be the main representative of the external
auditor and the first recipient of the relevant reports, and is responsible, in-
ter alia, for proposing the relevant remuneration and ensuring that the proper
conditions for the provision of services are provided within the company.
Adopted
Part I
Numbers 37. and 38.
of this Corporate
Governance Report
II.2.3.
The Audit Committee shall evaluate the external auditor on an annual
basis and propose to the competent body its dismissal or termination of the
contract as to the provision of their services when there is a valid basis for said
dismissal.
Adopted
Part I
Numbers 37., 38. and 45.
of this Corporate
Governance Report
II.2.4.
The Audit Committee shall evaluate the functioning of the internal
control systems and risk management and propose adjustments as may be
deemed necessary.
Adopted
Part I
38., 49., 50., 54. and 55.
of this Corporate
Governance Report
