Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 227

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 227
---
 FN-CB-410a.1, FN-CB-410a.2 (y FN-IB-410a.2), FN-IB-410a.3, FN-CB-510a.1 (y FN-AC-510a.1 y FN-IB-510a.1), FN-CB-510a.2 (y FN-AC-510a.2 y FN-IB-510a.2), FN-CB-550a.2 (y FN-IB-550a.2), FN-AC-330a.1 (y FN-IB-330a.1), FN-CB-000.A, FN-CB-000.B.

Annual report 2024 231

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

### CORPORATE GOVERNANCE
Annual report 2024 232

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

| Clear and robust corporate governance to ensure a long-term, sustainable business model |     |                                                                                                    |     |                                                                                                                                                                                                                                                                                                                                            |
| Our governance bodies                                                                   |     |                                                                                                    |     |                                                                                                                                                                                                                                                                                                                                            |
| Annual general meeting                                                                  |     | Active involvement of our shareholders in the general meeting                                      |     |                                                                                                                                                                                                                                                                                                                                            |
| Board of directors                                                                      |     | Responsible for setting the strategy and overseeing its execution and the management of the Group. |     |                                                                                                                                                                                                                                                                                                                                            |
| Board committees                                                                        |     | Solid committee structure to support the board                                                     |     |                                                                                                                                                                                                                                                                                                                                            |
| Broad and balanced shareholder base                                                     
 Share capital distribution by geography1                                                |     |                                                                                                    |     | Aligned with high corporate governance standards                                                                                                                                                                                                                                                                                           
 Banco Santander has the highest score in the Spanish Association for Standardisation and Certification's (AENOR) Good Corporate Governance Index (GCGI V2.0), which verifies aspects such as composition and functioning of the board and its committees, shareholders' general meeting, remuneration policy, compliance and transparency. |
| 1. Figures as at 31 December 2024.                                                      |     |                                                                                                    |     |                                                                                                                                                                                                                                                                                                                                            |

Annual report 2024 233

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |