Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 193

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 193
---
 thereof. c) Ensure that risk control and management systems are mitigating risks effectively within the framework of the policy established by the board of Directors. Compliant [ X ] Partially compliant [ ] Explain [ ] 47. Members of the appointments and remuneration committee—or the appointments committee and the remuneration committee, if separately constituted—should have the right balance of knowledge, skills and experience for the duties they are called on to discharge. The majority of such members should be independent Directors. Compliant [ X ] Partially compliant [ ] Explain [ ] 48. Large cap companies should have separately constituted appointments and remuneration committees. Compliant [ X ] Explain [ ] Not applicable [ ] 43 / 49

ANNUAL CORPORATE GOVERNANCE REPORT OF LISTED COMPANIES 49. The appointments committee should consult with the chairman of the board of Directors and the company’s chief executive, especially on matters relating to executive Directors. When there are vacancies on the board, any of the Directors may request that the appointments committee consider potential candidates that they might find suitable. Compliant [ X ] Partially compliant [ ] Explain [ ] 50. The remuneration committee should operate independently and 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 in the company. d) Ensure that potential conflicts 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. Compliant [ X ] Partially compliant [ ] Explain [ ] 51. The remuneration committee should consult with the company’s chairman and chief executive, especially on matters relating to executive Directors and senior managers. Compliant [ X ] Partially compliant [ ] Explain [ ] 44 / 49

ANNUAL CORPORATE GOVERNANCE REPORT OF LISTED COMPANIES 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 specified