Committes Of The Board Of Directors | Solaria

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Committes of the Board of Directors

 

 EXECUTIVE OR DELEGATED COMMITTEE

 Even though to date no Executive Committee has been formed, according to Article 47 of the bylaws, the Board of Administration may create an executive committee or appoint one or more Executive Directors, without prejudice to the powers given to any person, to delegate in them, totally or partially, temporarily or permanently, all the powers whose delegation is not forbidden by law. The delegation and the appointment of Directors for this role will need to be approved by two thirds of the members of the Board and will only take effect after they are entered in the Commerce Registry.

 

AUDIT COMMITTEE

Members:

Chairman. Mr. Manuel Azpilicueta Ferrer (Independent)

Member. Mr. Iñigo Sagardoy de Simón (Independent)

Member. Mr. Enrique Díaz-Tejeiro Gutiérrez (Dominical)

 

According to Article 48 of the bylaws, an Audit Committee will be constituted inside the Board of Directors, according to the following rules:

a) The Audit Committee will be formed by three Directors appointed by the Board, most of them not executive, who will stay in office for four years and can be re-elected.

b) The Chairman of the Audit Committee will be chosen among those non-executive Directors for a period of four years and can be re-elected one year after the end of his term as Chairman.

c) One of the members of the Committee will be designated as Secretary. Without prejudice to other roles that could be decided by the Board of Directors, the Audit Committee will have the following basic roles:

The Corporate Governance Report details this commission’s tasks.

 

 APPOINTMENTS AND REMUNERATION COMMITTEE

Members:

Chairman. Mr. Iñigo Sagardoy de Simón (Independent)

Member. Mr. Manuel Azpilicueta Ferrer (Independent)

Member. Mr Enrique Díaz-Tejeiro Gutiérrez (Dominical)

 

According to the provisions of Article 14 of the Regulations of the Board of Directors, an Appointments and Remuneration Committee will be constituted inside the Board of Directors, according to the following rules:

a) The Appointments and Remuneration Committee will be formed by three non-executive Directors appointed by the Board, who will stay in office for four years and can be re-elected.

b) The Chairman of the Appointments and Remuneration Committee will be chosen among those non-executive Directors for a period of four years and can be re-elected one year after the end of his term as Chairman.

c) One of the members of the Committee will be designated as Secretary.

The Corporate Governance Report details this commission’s tasks.