Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 294

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 294
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 continuous review and refinement, as appropriate, to ensure its ongoing effectiveness and robustness. • In-person engagement. Increase in person formal and informal engagements in recognition of director preference for in-person meetings and the value they attribute to their time together. • Organisation and functioning. Continue to optimise Board and committee time facilitated by keeping the volume of supporting documentation under continuous review . • Committees. A proactive approach to committee composition will be retained, ensuring optimal performance, effectiveness and efficient distribution of work among board members, among other factors. In addition, meeting frequency will be kept under continuous review to identify streamlining opportunities to the extent possible.

The resulting actions and associated outcomes of the review have supported our continued priority focus on effective governance. 4.4 Executive committee activities in 2024

| COMPOSITION |

| Position             |     |                       |     | Category   |     | Appointed on |
| Chair                |     | Ana Botín             |     | Executive  |     | 11/12/1989A  |
| Members              |     | Héctor Grisi          |     | Executive  |     | 01/01/2023   |
| José Antonio Álvarez |     | Other external        |     | 13/01/2015 |     |              |
| Luis Isasi           |     | Other external        |     | 20/05/2020 |     |              |
| Belén Romana         |     | Independent           |     | 01/07/2018 |     |              |
| Secretary            |     | Jaime Pérez Renovales |     |            |     |              |

A. Committee Chair since 10 September 2014. Functions The executive committee is a key governance body in Banco Santander and the Group. The board delegated to it all its powers except those that cannot be delegated by law or under the Bylaws and Rules and regulations of the board. Its meeting frequency and the nature of its decisions enable the board to focus on general oversight. It also reports regularly to the board on its core matters and decisions adopted, and provides all directors with the minutes and documents from its meetings. Committee performance The board, supported by its nomination committee, determines the committee's size and composition, to ensure its effectiveness. As well as the board, the committee has an external director majority, ensuring a balance of opinions and compliance with Recommendation 37 of the Spanish Corporate Governance Code. Its secretary is the secretary of the board. The committee frequency ensures the discharge of