Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 362

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 362
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 is approved.

• The number of meetings held in 2024, including a joint session with the risk supervision, regulation and compliance supervision committee.

• The date of the meeting in which the report was approved.

The 2023 annual report on directors’ remuneration was approved by the board of directors and put to consultative vote at the 2024 AGM, with 90.18% of the votes in favour. The tally of the votes

Annual report 2024 333

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

was:

|       |     | Number |     |                | % of totalA |       |   |
| Votes |     |        |     | 10,547,165,767 |             | 99.95 | % |

|                |     | Number |     |               | % |       |   |
| Votes forB     |     |        |     | 9,381,395,305 |   | 90.18 | % |
| Votes againstB |     |        |     | 1,021,578,768 |   |  9.82 | % |
| BlankC         |     |        |     |     5,497,367 |   |  0.05 | % |
| AbstentionsC   |     |        |     |   138,694,327 |   |  1.31 | % |

A. Percentage on total valid votes and abstentions. B. Percentage of votes for and against. C. Percentage of Banco Santander's share capital on the date of the AGM. Decision process for the development, review and application of the policy Pursuant to Article 529 novodecies of the Spanish Companies Act, the remuneration committee issues the report on the proposed remuneration policy for 2025, 2026 and 2027 herein. The board of directors then submits it to the 2025 AGM as a separate item on the agenda and an integral part of this text. See 6.4 ' Directors' remuneration policy for 2025, 2026 and 2027' . Banco Santander’s Compensation function prepares the remuneration policy with the suggestions, requests and comments received during the year from the human resources committee, remuneration committee and the board of directors. A first draft