Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 247

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 247
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 in place.

To ensure that the Corporate Bodies are able to comply with the supervision and control functions ascribed to them, BBVA has a set of processes in place that structure the way in which the Corporate Bodies carry out these functions, so as to ensure that their decisions are being properly acted upon or, if necessary, to identify specific aspects that require further steps to be taken (the “Supervision and Control Model”).

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.256 |

The exercise of supervision and control functions in each specific area is carried out by the Board of Directors, both directly at its meetings and through the activities of its various Committees, which play a key role in supervising and controlling the management.

Thus, the Committees support the Board by monitoring issues that fall within their area of expertise, doing so

more frequently and in more detail than the Board, to which they also regularly report to convey the most relevant issues addressed by each of them.

The functions of the Corporate Bodies are below:

The decision-making, supervisory and control models described above are complemented by a reporting model to ensure that the Corporate Bodies have all the information they need, in due course, to carry out the duties ascribed to them. In particular, BBVA's information model is characterized by providing the Corporate Bodies with information that is: complete, integrated, adequate and consistent.

The reporting model comprises information from various sources that allows the directors, after evaluating it as a

whole, and in a constructive and critical manner, to debate the matters submitted for their consideration on the corresponding corporate bodies and to carry out the duties assigned to them.

The information flows between the Bodies are below:

| PILLAR 3 2024 |     | 7. PRUDENTIAL DISCLOSURES ON ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS |     | P.257 |

According to this mode, and as set forth in Article 5 of the Regulations of the Board of Directors, prior to the meetings, directors will be provided with the information needed to form an opinion with respect to the matters within the remit of the Corporate Bodies, and may ask for any additional information and advice required to perform their duties. They may also ask the Board of Directors for external expert help for any matters put to their consideration whose special complexity or importance so requires.

Governance model of the Corporate Bodies on