Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 45
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, for the purpose of achieving a suitable balance. The persons proposed to be appointed or re-appointedas members of the Board of Directors must meet the requirements set out in current legislation, in the specific regulations applicable to credit institutions, in the Bylaws, in the Regulations of the Board and in the Selection Policy. In carrying out its duties, the Appointments and Corporate Governance Committee may engage external services to find potential candidates, when it deems this necessary or appropriate. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .48.. Thus, within the framework of the Board performance refreshment process for financial year 2024, the Appointments and Corporate Governance Committee has analyzed, 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. Within the framework of this analysis, the Committee has taken into consideration, among other matters, the characteristics of the Bank and its Group; BBVA’s Corporate Governance System, verifying that it promotes the proper functioning of the corporate bodies and a balance of powers (checks & balances); and changes in the structure, size and composition of the Board and its Committees over time, as a result of the process of refreshing the corporate bodies carried out in recent years, which has made the Board more independent and enhanced gender diversity, knowledge of the different business areas and environments, skills, international profile and experience of the corporate bodies (reflected in the Matrix of Competences and Diversity of the Board) at all times and any other factor that it has been appropriate to strengthen; taking into account at all times prevailing regulatory requirements and the forecasts and objectives set out in the Selection Policy described in this document. 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 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-executivedirectors (13 out of 15, that is