Corporate Governance Report
The general principles of the remuneration policy for the audit bodies and the Board
of the General Meeting are as follows:
a) Functions performed:
The nature and volume of the activity involved in the functions performed by each
member of the abovementioned corporate governing bodies is taken into consider-
ation, as well as the responsibilities assigned to each one. The members of the Audit
Committee, the Board of the General Meeting and the audit firm will not all occupy
the same organizational or functional position. Various criteria are applied, includ-
ing level of responsibility, time commitment or the value of a particular service or
institutional representation.
b) The Company’s economic situation
One relevant consideration will be the size of the company and the relative degree
of functional complexity.
71. Reference, if applicable, of the existence of a variable
remuneration component and information about likely impact of
performance appraisal in this component
There is no variable component.
72. Deferring payment of the variable remuneration component,
specifying the period of deferral
There is no variable component.
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