Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 131

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 131
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 have a signifi cant number of female senior managers are considered to favour gender diversity. The results of the prior analysis of the needs of the Board of Directors should be contained in the supporting report from the Appointments Committee published upon the calling of the General Shareholders’ Meeting at which the ratifi cation, appointment or re-electionof each director is to be submitted. The Appointments Committee should verify compliance with this policy on an annual basis and set out its fi ndings in the Annual Corporate Governance Report Recommendation 15: Proprietary and independent directors should constitute an ample majority on the Board of Directors, while the number of executive directors should be the minimum necessary, bearing in mind the complexity of the corporate group and the percentage shares held by the executive directors in the company’s capital. Female directors should account for at least 40% of the members of the Board of Directors before the end of 2022 and thereafter, without representing less than 30% prior to this. Recommendation 16: The percentage of proprietary directors out of all non-executivedirectors should be no greater than the proportion of the ownership in the Company represented by such directors to the remainder of the company’s capital. This criterion may be relaxed: A. At large cap companies where few or no equity shares are considered by law to be signifi cant shareholdings. B. At companies with a plurality of shareholders represented on the Board of Directors but who are not otherwise related. Recommendation 17: Independent directors should represent at least half of all Board members. However, when the Company does not have a large market capitalization, or when a large cap company has shareholders who, individually or together, control over 30% of the share capital, independent directors should constitute at least a third of the total number of directors. Recommendation 18: Companies should disclose the following information regarding their Directors on their websites and keep it up to date: A. Background and professional experience. B. Directorships held in other companies, whether listed or not, and other paid activities in which they engage of whatever nature. C. Indication of the class of directors to which they belong, specifying, in the case of proprietary directors, the shareholder they represent or are related to. D. Date of their fi rst appointment as a board member and subsequent re-elections.E. Company shares and share options that they own. Recommendation 19: Following verifi cation by the Appointments Committee, the Annual Corporate Governance Report should disclose the reasons for the appointment of proprietary directors at the be