Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 288

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 288
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 | 7.7 |     |            | 8.2 |
| Executive committee                                   |     |                 | 24 |     |               |  7.6 |     | NA         |     |     | NA         |     |
| Audit committee                                       |     |                 | 15 |     |               |  8.8 |     |            | 8.1 |     |            | 5.3 |
| Nomination committee                                  |     |                 | 13 |     |               |  7.5 |     |            | 4.6 |     |            | 3.9 |
| Remuneration committee                                |     |                 | 14 |     |               |  7.5 |     |            | 5.8 |     |            | 4.9 |
| Risk supervision, regulation and compliance committee |     |                 | 18 |     |               | 12.3 |     | NA         |     |     |            | 6.4 |

A. Source: Spencer Stuart Board Index 2024 (Spain, United States and United Kingdom). NA: Not available. The following chart shows the board’s approximate time allocation to each function in 2024.

| Approximate allocation of the board’s time in 2024 |

Committee operation Board committees follow a calendar and an annual work plan established every year. Each committee meets as often as is required to fulfil its duties, with a minimum of four meetings,

except for the innovation and technology committee, which holds at least three meetings. A committee meeting is quorate if it is attended by more than half the committee's members in person or through an appointed proxy. A committee resolution passes with a simple majority of votes. In the event of a tie, the committee chair has the casting vote. Committee members may appoint a proxy to vote for them and, as in board meetings, non-executive directors can only appoint a non-executive director proxy. Committee members are given relevant meeting materials sufficiently in advance of each meeting to facilitate suitable meeting preparation and therefore promote overall committee effectiveness. Though they cannot vote, any director can attend and participate in meetings of committees on which they do not serve if invited by the chair of the board and the chair of the respective committee, upon request to the chair of the board. Furthermore, all board members who are not executive committee members may attend executive committee meetings at least twice a year, for which they are to be called by the chair. Committees