Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 238

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 238
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 allows for a balanced, diverse and qualified composition.

These processes have taken into consideration the criteria set out in the Selection Policy, having favoured the diversity of experience, knowledge, skills and gender; and have not suffered from implicit biases that could have led to any discrimination.

Thus, within the framework of the Board performance refreshment process for financial year 2024, the Appointments and Corporate Governance Committee has analysed, in accordance with its Regulations, the structure, size and composition of the corporate bodies, to ensure that they are adequate for the fulfillment of their duties.

As a result of the above, the Appointments and Corporate Governance Committee found that the composition of the Board, as a whole, is appropriate and diverse, with a deep knowledge of the environment, strategy, activities, businesses and risks of the Bank and its Group, resulting in a balanced composition that caters to the needs of the corporate bodies, and therefore helping to ensure the proper performance of its functions.

In this regard, the composition of the Board complies with the requirements and objectives set out in the

| PILLAR 3 2024 |     | 6. INFORMATION ON THE CORPORATE GOVERNANCE SYSTEM |     | P.248 |

applicable regulations, in its Regulations and in the Selection Policy, highlighting that there is an adequate balance between the different types of directors, with a large majority of non-executive directors (13 out of 15, that is, 86.67%) and independent directors (10 out of 15, that is, 66.67%), and with a level of gender diversity that exceeds the objectives assumed by the Board (female directors represent 46.67% of the total number of directors).

The Board is also broadly diverse in terms of skills, knowledge and experience - both domestic and international -, which has been further increased through the various refreshment processes carried out in recent years, bringing in new directors to strengthen its wealth of skills, knowledge and experience in areas of special relevance for the management and supervision of the Bank.

The Appointments and Corporate Governance Committee annually analyses the composition of the Board as part of the annual Board assessment process, so as to ensure that BBVA’s corporate bodies consistently have the best composition for the performance of their duties, in accordance with the provisions and objectives of the Regulations of the Board and the Selection Policy. This process has culminated with the corresponding proposals submitted for consideration at the Bank’s next Annual General Shareholders’ Meeting, in accordance with the information that is available to shareholders through BBVA’s corporate