Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 55

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 55
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4 Annual Report available on the Santander Group website |

3.2.1.1. Diversity A diverse board of directors is essential to its effectiveness. A pluralistic composition incorporating a broad range of qualities, experiences and points of view promotes the contribution of independent opinions, encourages constructive debate and ensures soundness and quality in decision-making. Thus, we seek to achieve a sound balance of technical skills, expertise and a broad diversity in the composition of the board. Our policy for the selection, suitability assessment and succession of directors favours diversity on the board, not only in terms of gender, but also in terms of age, geographical origin, experience and expertise. In addition, the policy ensures that selection procedures for directors are free from implicit biases that could lead to discrimination of any kind, e.g. on the basis of race, disability or ethnic origin. In the past year we have continued to renew and strengthen the composition of the board to ensure a balanced representation of skills and diversity. The board is composed of 40% women (meeting the internally set target of a balanced representation of 40-60% of both genders), and also complying in advance with the provisions of Organic Law 2/2024, of 1 August, on equal representation and balanced presence of women and men, which requires a minimum presence of 40% of the underrepresented sex on the board of directors of the 35 companies with the largest market capitalization as of June 2026. In addition, two thirds of the directors are independent. For more information on board diversity at Banco Santander, see 'Corporate governance' chapter of the 2024 Annual report.

| Access 2024 Annual Report available on the Santander Group website |

3.2.1.2. Board committees Banco Santander has a structure of seven committees that support the board in three main areas: • In the management of the Group, exercising decision-making powers, through the executive committee. • In defining strategy in key areas, through the responsible banking, sustainability and culture committee and the innovation and technology committee. • In its functions of supervision and adoption of relevant decisions, through the audit, appointments, remuneration and risk supervision, regulation and compliance committees. For more details see the 'Corporate governance' chapter of the 2024 Annual report.

| Access 2024 Annual Report available on the Santander Group website |

2024 Pillar 3 Disclosures Report 67

| Index |     | Introduction |     | Capital |     | Risks |     | Risk t