ANNUAL REPORT 2016
Activity of the Non-Executive Member of the Board of Directors
The non-executive member of Ibersol’s Board of Directors, Juan Carlos Váz-
quez- Dodero, took part in 10 meetings of the Board of Directors, i.e. 67% of the
meetings held. He was previously provided with all the information and docu-
mentation pertaining to matters on the agenda of those meetings.
The non-executive director participated in several meetings of the Executi-
ve Committee, especially those dealing with the strategy and planning of the
Group’s businesses.
He often requested detailed information from the Executive Committee regar-
ding decisions affecting the development and expansion of the businesses.
At a functional level he worked closely with the Department of Management
Control and Planning. He met five times with the department’s heads to jointly
evaluate tools and methodologies and determine ways to improve control of the
businesses. He also supplied relevant macroeconomic information to help assess
the situation in Spain.
Management Control provided him with detailed information every quarter, ena-
bling him to follow operational activity and evaluate executive management
performance vis-à-vis the plans and budgets approved by the Board of Direc-
tors, and all the clarifications requested were provided.
The non-executive member was present in every meeting held with the Audit
Committee and followed all the corporate governance matters that arose during
the financial year.
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