Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 138

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 138
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 proposed exchange ratio. Recommendation 45: The risk control and management policy should identify or determine at least: A. The different types of fi nancial and non-financial risks the Company is exposed to (including operational, technological, legal, social, environmental, political and reputational risks, including corruption-related risks), with the inclusion under fi nancial or economic risks of contingent liabilities and other off-balance-sheetrisks. B. A risk control and management model based on different levels, including a specialised Risk Committee when sector regulations provide for this or the Company deems it appropriate. C. The level of risk the Company sees as acceptable. D. The measures in place to mitigate the impact of identifi ed risks, should they materialise. E. The reporting and internal control systems to be used to control and manage the above risks, including contingent liabilities and off-balance-sheetrisks. Recommendation 46: Companies should establish an internal risk control and management function in the charge of one of the company’s internal departments or units and under the direct supervision of the Audit Committee or some other dedicated Board Committee. This function should be expressly charged with the following responsibilities: A. Ensure that risk control and management systems are functioning correctly and, specifi cally, that major risks the Company is exposed to are correctly identifi ed, managed and quantifi ed. B. Actively participate in the preparation of risk strategies and in key decisions regarding the management thereof. C. Ensure that risk control and management systems are mitigating risks effectively within the framework of the policy established by the Board of Directors. Recommendation 47: Members of the Appointments and Remuneration Committee—or the Appointments Committee and the Remuneration Committee, if separately constituted—should have the right balance of knowledge, skills and experience for the duties they are called on to discharge. The majority of such members should be independent directors. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .138.. Recommendation 48: Large cap companies should have separately constituted Appointments and Remuneration Committees. Recommendation 49: The Appointments Committee should consult with the Chair of the Board of Directors and the Company’s chief executive, especially on matters relating to executive directors. When there are vacancies on the Board, any of the directors may request that the Appointments Committee consider potential candidates that they might fi nd suitable. Recommendation 50: The Remuneration Committee should operate independently and