Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 58

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 58
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 projects that are considered of importance to the Group and that arise from its activities, when they do not fall within the remit of the Board of Directors; (iii) Decisions pertaining the assumption of risks that exceed the limits set by the Board of Directors, which must be reported to the Board of Directors at its first meeting held thereafter, for ratification; (iv) the granting and revoking of the Bank’s powers of attorney; (v) proposals for the appointment and replacement of directors in the Bank’s subsidiaries or investee companies with more than €50 million in own funds; and (vi) regarding whether executive directors may hold management positions in companies controlled, directly or indirectly, by the Bank, or in the Group’s investee companies. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .63.. 6.3.3. Activities of the Executive Committee during the financial year In 2024, the Committee fulfilled all the functions assigned to it, reporting monthly on its activities to the Board of Directors throughout the financial year. Decision-making support functions for the Board of Directors In relation to the Committee’s functions providing support to the Board on its decision-making, the Committee conducts a detailed analysis of the proposal of the Strategic Plan defined for the next five years (2025–2029). The Committee also performs the important task of jointly analyzing the main aspects relied on by management, such as the budget, the risk appetite framework, and the associated capital and liquidity and financing plans. This is an essential task to ensure the integrity, coordination, consistency and coherence of the Group’s various forward-looking strategic processes, taking into account their common aspects and promoting the integration of the pillars of the Strategic Plan defined by the Board. Likewise, the Committee has analyzed, prior to the Board doing so, the proposals for shareholder remuneration presented during the financial year, both with regard to the cash payment and through a share buyback program. With regard to corporate transactions the approval of which falls within the Board’s remit, the Committee has supported the decision to launch a takeover bid targeting the shares of Banco Sabadell, after having analyzed the strategic merits of the transaction, its effects on the Bank’s business and the financial and capital aspects involved. Monitoring and control functions In relation to monitoring and control functions, and with regard to the review of the Bank’s activity throughout the year, the Committee analyzed the monthly evolution of the main business