Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 290

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 290
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 on 23 March 2024.

C. Member of the responsible banking, sustainability and culture committee since 23 March 2024.

D. Member of the board since 27 June 2024.

The following table shows the average preparation of directors in the exercise of their functions on the board and committees in 2024:

|                                                           |     |    | Meetings | Average of hours per memberA |     |     | Average of hours per chairA |     |     |
| Board                                                     |     | 18 |          | 229B                         |     |     | 458B                        |     |     |
| Executive committee                                       |     |    |       24 |                              |     | 144 |                             |     | 288 |
| Audit committee                                           |     | 15 |          |                              | 150 |     |                             | 300 |     |
| Nomination committee                                      |     | 13 |          |                              |  52 |     |                             | 104 |     |
| Remuneration committee                                    |     | 14 |          |                              |  56 |     |                             | 112 |     |
| Risk supervision, regulation and compliance committee     |     | 18 |          |                              | 180 |     |                             | 360 |     |
| Responsible banking, sustainability and culture committee |     |  5 |          |                              |  25 |     |                             |  50 |     |
| Innovation and technology committee                       |     |  5 |          |                              |  20 |     |                             |  40 |     |

A. Includes hours of meeting preparation and attendance. Estimated preparation time considers travel to attend meetings in person, where appropriate. B. Not including four extraordinary sessions held in 2024 due to their short duration and low impact on the directors’ required commitment. Directors’ average time commitment is calculated by taking the number of members on the board and on each committee, the number of times each body meets during the year, average meeting length, and an estimate of the time each director needs to prepare for every meeting. We estimate that the board chair and

the committee chairs have a greater time commitment than the other directors because of the added functions their roles require. We also consider the commitment to attend sessions that form part of directors’ training and development programme, the meetings of non-executive directors with the Lead Independent Director, and additional unstructured Board time on other activities that enables greater informal engagement between directors.