Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 165

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 165
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 balanced presence of both genders (women -men) with a diversity ratio of 67%. 83 In terms of geographical origin/ international experience, 60% of the directors come from or studied in continental Europe, 60% in the US/UK, 13% in Latin America, and 7% in other regions. The Board also has extensive international experience, mainly in the markets where we operate (European market, US and UK markets, and Latin American markets). The Board also has the skills and experience to monitor materiality issues (e.g. on issues related to sustainability, human resources, culture, talent and remuneration, as well as to business conduct and risk management). None of the directors are currently assigned a specific employee representation role.

The board of directors as the highest decision-making body in the Group performs the following functions:

• approves the Responsible Banking agenda and set the strategy;

• approves the culture policy and related policies on responsible business and sustainability matters and, in particular, on environmental and social matters;

• supervise that the responsible banking strategy is consistent with Group strategy;

• reviews the performance against the public objectives and that the metrics are covered within the responsible banking agenda;

• tracks key initiatives; and

• reviews subsidiaries’ strategies.

For more details, see the Rules and Regulations of the board of Directors, available on the Group's corporate website; and section 4. 2 ' Board composition ' in the 'Corporate governance' chapter.

83 The diversity ratio is calculated by dividing the number of women by men. The percentage of each gender vs total membership is 40% women and 60% men.

Annual report 2024 117

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

Responsible banking, sustainability and cultural committee

The responsible banking, sustainability and cultural committee (RBSCC) assists the board in fulfilling its supervisory responsibilities regarding the responsible business strategy and sustainability issues of Banco Santander and its Group. In particular, it has the following functions:

(i) advise the council on the design of the strategy and policies on responsible business and sustainability, in particular environmental and social matters, by monitoring, supervising and evaluating them;

(ii) Advise the council in formulating the Group’s strategy with interest groups; as well as supervise the involvement with them;

(iii) ensure that adequate control processes are in place with respect to responsible banking practices, and that risks and opportunities related