Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 192

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 192
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 wholesale markets for liquidity based on short and long-term ratings.

• Independence of the subsidiaries in funding within a coordinated liquidity management. The most important subsidiaries obtain their funding in wholesale markets in accordance with their needs, establishing their own liquidity and contingency plans, without recourse to lines from the parent Bank to finance their activity.

• Moderate use of assets as security for structural balance-sheet funding sources that has slightly increased since the end of 2024.

Santander Group performs a continuous internal process to ensure the adequacy of both, its liquidity position and the management, measurement, monitoring and control of its liquidity risk (Group Internal Liquidity Adequacy and Assessment Process). However, in accordance to Santander’s model for liquidity management based on autonomous subsidiaries, this adequacy assessment process in fact encompasses separate adequacy assessment processes at the subsidiary level (each of them an Internal Liquidity Adequacy and Assessment Process), which are complemented and overseen by corporate processes, governance and coordination functions.

All these processes, which are forward looking and integrated into the decision-making and management process, risk management and risk appetite, liquidity planning and overall strategy, have the ultimate objective of ensuring that the Group's entities have and will have adequate liquidity resources to meet their obligations under both normal and stressed conditions and over an appropriate set of time horizons, taking into account all material sources of liquidity risk.

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## ITEM 8. CORPORATE GOVERNANCE
In addition to the second quarter 2025 information disclosed in 'Part 1. Consolidated Directors’ Report—Corporate Governance', the following are other significant corporate governance events occurred during 2025:

#### 2025 Ordinary general shareholders’ meeting
Banco Santander held its 2025 ordinary general shareholders’ meeting on 4 April, on second call and exclusively by remote means. The meeting was broadcast live from the corporate headquarters in Boadilla del Monte, where the Presiding Committee ( Mesa de la Junta ) of the general shareholders’ meeting was gathered.

This meeting format is permitted in accordance with applicable law and the amendment of the Bylaws approved in 2021 under majority support of the shareholders, and is consistent with Grupo Santander’s digitalization policy. The General Shareholders’ Meeting Platform, through which shareholders attended the meeting, provides sufficient guarantees and encourages their participation and full exercise of their rights, regardless of their location.

559,938 shareholders, owning 68.507% of the share capital, attended the general meeting on their own