Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 48

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 48
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, represents added value for the Bank’s corporate governance and is conducive to the efficient functioning of the Board, thus facilitating compliance by the corporate bodies with their functions, both in terms of decision-making and supervision and control. Thus, the structure of the Board of Directors is characterized by a clear assignment of roles and responsibilities and a system of checks & balances to prevent the concentration of power in a single person or body, and in relation to which the following elements should be highlighted: A high degree of independence on the Board and a broad diversity of knowledge, skills and experience. The existence of various Committees, which have different support functions to the Board of Directors and a composition aligned to the functions assigned to them. The chair plays a key role on these committees, which also are comprised entirely of, or have a majority of, independent directors in the case of non-executiveCommittees, and a cross-membership composition. This is conducive to the exchange of opinions, criteria and knowledge, with a critical view, and enriches the debate within the Board and on the different Committees. A clear separation of roles between the Chair and the Chief Executive Officer at the executive level, and with a differentiated organizational structure, as set out in the Regulations of the Board, which is supplemented with the direct report to the Board by the heads of the control functions (Regulation & Internal Control and Internal Audit). The role of Deputy Chair, also elected from among the independent directors, to replace the Chair of the Board if that post is vacant, or if the incumbent is absent or otherwise unavailable due to illness or a conflict of interest. The role of Lead Director, also assigned to an independent director elected by the non-executivedirectors, who has clear functions to strengthen the corporate governance of the Company, as set out in Article 21 of the Regulations of the Board of Directors, and who reports regularly to the Board on his activities. These include that of liaising with other members of the Board of Directors and with other stakeholders, which was carried out on an ongoing basis through the meetings held throughout 2024, as detailed below: â–° Individual meetings with the Bank’s non-executivedirectors, in order to obtain their opinions regarding the functioning of the Bank’s corporate bodies and any suggestions for improvement that might be considered. These meetings are held on a regular basis, to coincide with the meetings of the Board and always striving to ensure that each director has at least two meetings a year with the Lead Director. Such meetings may also be held at any time, upon