Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 235

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 6
Chunk 235
---
 and NASDAQ Listing Rules, as well as in conformity with the Spanish Companies Act. Ms. Laura de la Cruz Galán serves as Secretary, non-member, of the Audit Committee, having replaced Mr. Tomás Dagá in such role on April 17, 2024.
Appointments and Remuneration Committee
The Board established an Appointments and Remuneration Committee in compliance with Article 24.bis and 24. quater of the Articles of Association and Article 15 of the Board Regulations.
The regulations applicable to the Appointments and Remuneration Committee are set forth in the provisions referred to above, as well as in the Regulations of the Appointments and Remuneration Committee, which were approved by the Board on May 3, 2024. Pursuant to Spanish corporate governance requirements, Article 15 of the Board Regulations and the Regulations of this Committee, the Appointments and Remuneration Committee is required to consist of between three and five members, all of which must be non-executive directors, which includes at least two independent directors. The Board, during its meeting held on 3 May 2024, resolved to approve the amendment of article 15 of the Board Regulations, the purpose was to introduce into the scope of responsibilities of the Committee the creation of a competency matrix and the leadership of the annual evaluation process of the Board and its Committees. Furthermore, it also includes the particular points to address in said evaluation.
The responsibilities of the Appointments and Remuneration Committee include:

●   assisting in the nomination of directors, including evaluating potential nominees in light of the level of knowledge, competence and experience necessary to serve on the Board;
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   establishing a representation target for the gender that is least represented on the Board and prepare guidelines to achieve said target;
---------------------------------------------------------------------------------------------------------------------------------------------

●   reporting and making proposals to the Board on the appointment of members to the various committees of the Board and on the persons who should hold the office of Secretary and Vice-Secretary of the Board;
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   examining and organizing the orderly and planned succession of the Chairperson of the Board and the Chief Executive Officer;
--------------------------------------------------------------------------------------------------------------------------------

●   reporting on proposals for the appointment and removal of any members of senior management made by the Chief Executive Officer;
-----------------------------------------------------------------------------------------------------------------------------------

●   making proposals on the remuneration plans for the Board and senior management;
-----------------------------------------------------------------------------------

●   periodically reviewing the remuneration plans of senior management, including considering their suitability and performance;
--------------------------------------------------------------------------------------------------------------------------------
147

●   reporting