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. Corporacion Arditel, S.L.U.

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.

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

According to the provisions of Articule 48 of the Bylaws, Secretary of the Board shall also be the secretary of all board committees.

The Annual Report of Corporate Governance, exhaustively detailed the functions of this commission.

 

APPOINTMENTS AND REMUNERATION COMMITTEE

Members:

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

Member. Mr. Manuel Azpilicueta Ferrer (Independent)

Member. Inversiones Miditel, S.L.U.

According to the provisions of Article 49 of the Bylaws, will be established within the Board of Directors a Nomination and Remuneration Committee in accordance with the following rules::

a) The Appointments and Remuneration Committee will be formed by three non-executive Directors appointed by the Board.

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.

The Corporate Governance Report details this commission’s tasks.

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