Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 235

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 6
Chunk 235
---
 2023
Senior Management Total (2)                  4,226       3,829       1,181             1,102                   40,549         34,069
(1)Contributions recorded to meet pension commitments for the whole of Senior Management in 2024 and 2023, which correspond to the sum of the annual retirement pension contributions and the adjustments made to the “discretionary pension benefits” for 2023 and 2022, respectively, and the insurance premiums paid by the Bank for death and disability contingencies.
(2)16 members at December 31, 2024 and 15 members at December 31, 2023, excluding executive directors in both cases.
Extinction of contractual relationship
Regarding Senior Management, excluding the executive directors, in 2024 the Bank did not make any payments arising from the termination of contractual relationships. 
C. Board Practices
Committees 
Our corporate governance system is based on the distribution of functions between the Board and the following specialized Board committees: the Executive Committee, Audit Committee; the Appointments and Corporate Governance Committee; the Remuneration Committee; the Risk and Compliance Committee; and the Technology and Cybersecurity Committee.
Additional information on our Board committees, including their current composition, is provided in the following sections.
Executive Committee 
Our Board of Directors is assisted in fulfilling its responsibilities by the Executive Committee (Comisión Delegada Permanente) of the Board of Directors. 
As of the date of this Annual Report, BBVA’s Executive Committee is comprised of two executive directors, one external director and two independent directors, who are the following:

Position (type of directorship)        Name                                   
Chair (Executive)                      Mr. Carlos Torres Vila                 
Member (Executive)                     Mr. Onur Genç                          
Member (Independent)                   Mr. José Miguel Andrés Torrecillas     
Member (Independent)                   Mr. Jaime Félix Caruana Lacorte        
Member (External)                      Mrs. Belén Garijo López                
According to the Regulations of the Executive Committee, the Executive Committee will deal with matters delegated to it by the Board of Directors and, in particular, will have the following functions, among others:
Support functions to the Board of Directors in its decision-making:
•On strategy: (i) establishment of the bases and previous analysis of the proposals submitted to the Board of Directors in relation to the Bank’s Strategic Plan or other strategic decisions, including the Risk Appetite Framework; (ii) prior