Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 304

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 304
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 Other external |     | 01/01/2025   |
| Germán de la Fuente |     | Independent           |     | 01/01/2023     |     |              |
| Luis Isasi          |     | Other external        |     | 19/05/2020     |     |              |
| Belén Romana        |     | Independent           |     | 28/10/2016     |     |              |
| Secretary           |     | Jaime Pérez Renovales |     |                |     |              |

A. Committee Chair since 23 March 2024. The board of directors appointed the committee's members based on their expertise, skills and experience in the matters within the committee's scope. For more details, see section 4.1 'Our directors' and 'Board and committees skills and diversity matrix' in section 4.2.

| TIME ALLOCATION |

In 2024, the committee held 18 meetings, including one strategy session, four joint sessions with the audit committee, one joint session with the nomination committee and one joint session with the remuneration committee. See 'Board and committee preparation and attendance' in section 4.3 for members’ attendance and the estimated average time each one spent on meeting preparation and attendance. The chart below shows the committee’s approximate time allocation in 2024:

Annual report 2024 293

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

Duties and activities in 2024

This section summarizes the risk supervision, regulation and compliance committee's activities in 2024.

| Duties                                                                                                                                                                                         |     | Actions taken                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Risk                                                                                                                                                                                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Assist the board in (i) defining the Group's risks policies, (ii) determining the risk appetite, strategy and culture, and (iii) supervising their alignment with the Group’s corporate values |     | •Reviewed and proposed to the board for approval the annual risk appetite statement proposal for 2024, including new metrics and limits.                                                                                                                                                                                                                                                                                                            
 •Reviewed risk appetite metrics, compliance with the approved limits and any breaches on a quarterly basis.                                                                                                                                                                                                                                                                                                                                         
 •Reviewed the three-year strategic plan, the annual budget and the recovery and resolution plans before the board approved them. Reviewed and challenged the identified risks and mitigating factors associated with those key