Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 88

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 88
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 annual assessment, it is reported that the business relations in Spain between BBVA (and the companies belonging to its consolidated Group) and Deloitte (and the companies belonging to its consolidated Group) in 2024, accounted for roughly 2.5% of Deloitte’s total turnover in Spain. (C.1.18) 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 .91.. II. the views of the directors, as gathered through interviews conducted by the external expert; and III. a Report prepared by the external expert assessing the performance of the Board of Directors and its Committees. As a result of the analysis carried out, the Appointments and Corporate Governance Committee submitted a report to the Board containing its considerations and assessments, taking into account the information indicated above. After analyzing all this information made available to it, the Board of Directors concluded: That the Board and its Committees are of an appropriate size and composition, with a high degree of independence, balance and diversity in terms of skills, experience and gender. That the Board has a robust structure, with a clear separation of functions both in the corporate bodies (through the assignment of specifi c functions to independent directors (Lead Director and Deputy Chair) and to the Board Committees) and at the executive level (between the Chair and the Chief Executive Offi cer, in addition to those responsible for control functions, all of whom report directly to the Board), thus ensuring a suitable balance of powers within the Board of Directors, avoiding the concentration of power and confl icts of interest, helping to ensure the necessary degree of coordination, and providing suffi cient control mechanisms. Following its analysis, the Committee also held a very positive view of the executive chairship model, considering it an element that adds value to BBVA’s Corporate Governance System and supports the effective functioning of its corporate bodies and the Group as a whole. The continuous improvements made to the functioning of the Board, within the continuous improvement of the Bank’s Corporate Governance System. In 2024, this was achieved by consolidating various improvements approved by the Board, as well as certain other improvements made during the ongoing process of reviewing the Bank’s Corporate Governance System, which have strengthened the functioning and dynamics of the Board, and, in particular, have enabled the corporate bodies to increase the time devoted to issues of particular relevance to the Group, thus fostering productive interactions and debate to which suffi cient time has been devoted