Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 87

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 87
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, on the basis of the reports they submit to the Board. The self-assessment process for the 2023 financial year was carried out internally and led by the Appointments and Corporate Governance Committee, made up exclusively of non-executivedirectors, the majority of whom are independent. The Committee determined the self-assessment procedure and oversaw its effective implementation, submitting a report to the Board of Directors containing its positive assessment on the quality and efficiency of the Board’s operation during the financial year, and on its structure, size and composition. The report highlighted the positive effects of the improvements made to corporate governance, through the implementation of various improvement measures defined by the Board of Directors in recent years. It also stated that the improvements made in recent years should be further consolidated in 2024, especially in the following aspects: I. strengthening the dynamics and functioning of the meetings of the corporate bodies by developing meeting models that encourage open discussion of the issues under consideration, especially strategic issues; II. adapting the content of the training program for directors to prevailing needs and the Group’s strategic priorities; III. increasing the Board’s dedication to issues of talent, corporate culture and values. With regard to the 2024 financial year, the Board’s self-assessment process was carried out with the collaboration of Deloitte as an external expert4, as it takes place every 3 years. Deloitte was selected by the Appointments and Corporate Governance Committee, which also assessed its independence, all in accordance with the provisions of the Good Governance Code for listed companies published by the CNMV (Spanish National Securities Market Commission). The Appointments and Corporate Governance Committee, composed exclusively of non-executivedirectors, most of whom are independent, determined the self-assessment procedure and oversaw its effective implementation, submitting a report to the Board of Directors on the quality and efficiency of the Board’s operation during the financial year, and on its structure, size and composition. On this basis, the Board, at its meeting of January 29, 2025, conducted a self-assessment of its structure, size and composition, as well as the quality and effectiveness of its functioning in the 2024 financial year, based on the following information: I. a report on the most relevant aspects concerning the functioning and activity carried out by the Board during the year, as well as on the size, structure and composition of the Board; 4 In order to comply with the requirements of the CNMV in relation to the external expert who has supported the corporate bodies in their