Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 187

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 187
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 clear opposition when they feel a proposal submitted to the board of Directors might damage the corporate interest. In particular, independent and other Directors not subject to potential conflicts of interest should strenuously challenge any decision that could harm the interests of shareholders lacking board representation. When the board of Directors makes significant or repeated decisions with regard to which a Director has expressed serious reservations, the Director should draw the pertinent conclusions and, if they decide to resign, should set out their reasons in the letter referenced in the next recommendation. This recommendation also applies to the secretary of the board of Directors, even if the secretary is not a Director. Compliant [ X ] Partially compliant [ ] Explain [ ] Not applicable [ ] 24. When, either due to resignation or following a resolution of the general meeting, a Director leaves their role prior to the end of their term, they should provide sufficient explanation for the resignation or, in the case of non-executiveDirectors, an opinion on the general meeting’s grounds for removal, in a letter to be sent to all board members. And, without prejudice to the inclusion of all of the foregoing in the annual corporate governance report, to the extent that it is relevant to investors, the company should make the departure public as soon as possible, including sufficient reference to the reasons or circumstances provided by the Director. Compliant [ X ] Partially compliant [ ] Explain [ ] Not applicable [ ] 36 / 49

ANNUAL CORPORATE GOVERNANCE REPORT OF LISTED COMPANIES 25. The appointments committee should ensure that non-executiveDirectors have sufficient time available to fulfil their responsibilities effectively. The regulations of the board of Directors should establish the maximum number of company boards on which its Directors can serve. Compliant [ X ] Partially compliant [ ] Explain [ ] 26. The board of Directors should meet with the necessary frequency to properly perform its functions, eight times a year at a minimum, in accordance with a calendar and agendas set at the start of the financial year to which each Director may propose the addition of initially unscheduled agenda items. Compliant [ X ] Partially compliant [ ] Explain [ ] 27. Director absences should be kept to a strict minimum and quantified in the annual corporate governance report. In the event of an absence, Directors should designate a proxy with instructions. Compliant [ X ] Partially compliant [ ] Explain [ ] 28. When Directors or the secretary express concerns about a proposal or, in the case of Directors, about the company’s performance, and