Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 139

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 139
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 have the following functions in addition to those conferred by law: A. Propose to the Board of Directors the basic contractual conditions for senior managers. B. Monitor compliance with the remuneration policy set by the Company. C. Periodically review the Remuneration Policy for directors and senior managers, including share-based remuneration systems and their application, and ensure that their individual remuneration is proportionate to the amounts paid to other directors and senior managers at the Company. D. Ensure that potential confl icts of interest do not undermine the independence of any external advisory services rendered to the Committee. E. Verify the information on directors’ and senior managers’ remuneration contained in corporate documents, including the annual report on the remuneration of directors. Recommendation 51: The Remuneration Committee should consult with the Company’s Chair and chief executive, especially on matters relating to executive directors and senior managers. Recommendation 52: The rules regarding the composition and functioning of Supervision and Control Committees should be set out in the regulations of the Board of Directors and aligned with those imposed on Committees by law as specifi ed in the preceding recommendations, including that: A. Committees should be composed exclusively of non-executivedirectors, with a majority of independent directors. B. They should be chaired by independent directors. C. The Board of Directors should appoint the members of such Committees with regard to the knowledge, skills and experience of the directors on and remits of each Committee; deliberate regarding their proposals and reports; and provide reports on their activities and work at the fi rst plenary Board meeting to be held following each committee meeting. D. They may engage external advisory services when they deem this to be necessary for the discharge of their functions. E. Minutes should be taken at all meetings and made available to all directors. Recommendation 52: PARTIALLY COMPLIANT Partial compliance indicated in connection with this recommendation given that the Technology and Cybersecurity Committee, which is a consultative Committee, established on a voluntary basis by the Bank and without executive functions, is made up of four non-executivemembers and chaired by an executive director. The remit of this Committee, which does not meet the attributes of a supervision and control committee, given its technical and support nature, as per its regulations, includes reporting, supervision, advice and proposal-making, with the purpose of aiding the Board of Directors in the best performance of its duties. In 2024, the Technology and Cybersecurity Committee performed the specifi c duties of assisting