Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 274

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 274
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 vice secretary of the board and Head of Grupo Santander’s legal department, General Counsel and secretary of the board at Banesto, and deputy director of legal services at the CNMV. He is the Banco Santander representative on the board of trustees of the Princess of Asturias Foundation and is a member of the jury for its award for Social Sciences. He is Chair of the ICADE Business Club, Chair of the board of trustees of the Fundación Universitaria Comillas-I.C.A.I. and professor of Constitutional Law in the Faculty of Law at Universidad Pontificia Comillas (ICADE).

Jaime Pérez Renovales is the secretary of every board committee.

Annual report 2024 263

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

4.2Board composition Size As at 31 December 2024, the board of directors comprised 15 members, whose profile and background are described in section 4.1 'Our directors' . The Bylaws dictate that the board must be composed of no less than 12 and no more than 17 members. Composition by type of director The board of directors has a balanced composition between executive and non-executive directors, most of whom are independent. Each director’s status has been verified by the nomination committee.

| Our board composition |

Executive directors • Ana Botín, Group Executive Chair • Héctor Grisi, Chief Executive Officer Section 4.3 provides a detailed description of their respective roles and duties under 'Group Executive Chair and Chief Executive Officer' . Independent directors • Glenn Hutchins (Lead Independent Director) • Homaira Akbari • Carlos Barrabés • Sol Daurella • Henrique de Castro • Germán de la Fuente • Gina Díez Barroso • Belén Romana • Pamela Walkden • Antonio Weiss Every year, the nomination committee verifies the independence of the board members. It considers potentially significant business

relations that could affect their independence and other pertinent circumstances. For more details on this analysis, see section 4.6 'Nomination committee activities in 202 4 ' and in subsection C.1.3 of section 9.2 'Statistical information on corporate governance required by the CNMV' . Independent non-executive directors account for 66.7% of board members. This conforms to best corporate governance practices as well as to the Rules and regulations of the board, which