Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 289

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 289
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 have the authority to summon executives, who will appear at meetings at the invitation of, and under the terms dictated by, the respective chair. Their attendance will be recorded in the meeting minutes. Committees may also submit a request to the General Counsel to hire legal, accounting or financial advisers or other experts to assist with their duties at Banco Santander’s expense. The role of committee secretary is non-voting and falls on the General Counsel and secretary of the board. This fosters a fluid and efficient relationship between the board, its committees, and senior management. The board should encourage communication and engagement through these and other means with the committees to boost efficiency and ensure effective coordination in the performance of their respective support duties, through, among others, the following mechanisms: • Joint meetings. The committees (mainly the audit and risk supervision, regulation and compliance committees and the latter with the remuneration committee) hold joint meetings on topics of mutual interest. • Information to the board. At each board meeting, the committee chairs present on the matters that they have discussed in previous sessions of those meetings. They also provide the board members with copies of their committee meeting minutes and all other documents handed out. • Common members between committees. We strive to have board members sit on several committees. • Cross-sectoral review of agendas . A periodic review of the work plans of the various committees is carried out to ensure that meeting agendas are complete and coherent. • Informal events. Continue to leverage informal time between board members, acknowledging the value that this brings to board culture.

Annual report 2024 274

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

Board and committee preparation and attendance

The following table shows the attendance rate of board and committee meetings in 2024.

|                       |     |       |     | Committees |     |       |     |            |     |              |     |                                             |     |                                                 |     |                           |
| Directors             |     | Board |     | Executive  |     | Audit |     | Nomination |     | Remuneration |     | Risk supervision, regulation and compliance |     | Responsible banking, sustainability and culture |     | Innovation and technology |
| Average attendance    |     | 98%   |     | 95%        |     | 99%   |     | 89%        |     | 93%          |     | 98%                                         |