Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 132

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 132
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hest of shareholders controlling less than 3% of capital, and explain any formal requests for a seat on the Board that were denied where such requests came from shareholders whose interests in NOT APPLICABLE 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 .134.. the company’s share capital were equal to or greater than those of others at whose behest proprietary directors were appointed. Recommendation 20: Proprietary directors should resign when the shareholders they represent dispose of their ownership interest in its entirety. If such shareholders reduce their interests in the company to a point that requires a decrease in their number of proprietary directors, the number of such directors should be reduced accordingly. NOT APPLICABLE Recommendation 21: The Board of Directors should not propose the removal of any independent director before the expiry of their term as provided for in the Bylaws, except for just cause as determined by the Board of Directors following a report from the Appointments Committee. In particular, just cause will be presumed when directors take up new posts or responsibilities that prevent them allocating suffi cient time to the work of a director, or are in breach of their fi duciary duties or come under one of the disqualifying grounds for classifi cation as independent enumerated in the applicable legislation. The removal of independent directors may also be proposed when a takeover bid, merger or similar corporate transaction alters the company’s capital structure, provided the changes in the structure of the Board of Directors are in furtherance of the principle of proportionality set out in Recommendation 16. Recommendation 22: Companies should establish rules obliging directors to report and, if applicable, resign in the event they are affected by circumstances that, whether or not related to their actions at the company itself, could harm the Company’s standing and reputation, and, in particular, to inform the Board of Directors of any criminal charges brought against them and of the latest updates and developments in the proceedings. And, having been informed or having otherwise become aware of any of the situations mentioned in the previous paragraph, the Board should examine the situation as promptly as possible and, taking into account the specifi c circumstances, decide, following a report from the Appointments and Remuneration Committee, whether or not to adopt any measures, such as opening an internal investigation, requesting the resignation of the director or proposing their removal. This should be reported in the Annual Corporate Governance Report, unless special circumstances warrant otherwise, which must be