Audit Committee

Regulations of the Audit Committee

Annual Report of the Audit Committee 2023

The Audit Committee is formed by:

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Name Position Type of Director
Mrs. Teresa Corzo Santamaría Chairman Independent
Mr. Marcos Peña Pinto Member Independent
Mrs. Fátima Báñez García Member Independent
Mr. Gabriel Núñez Fernández Secretary Non board member
Mr. Ignacio Zarzalejos Toledano Deputy Secretary Non board member

Nomination and Compensation Commission

Regulations of the Nomination and Compensation Comission

Annual Report of the Nomination and Compensation Comission 2023

The Nomination and Compensation Commission is formed by:

Name Position Type of Director
Mrs. Fátima Báñez García Chairman Independent
Mrs. Teresa Corzo Santamaría Member Independent
Mr. Marcos Peña Pinto Member Independent
Mr. Gabriel Núñez Fernández Secretary Non board member
Mr. Ignacio Zarzalejos Toledano Deputy Secretary Non board member

Directors

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Mrs. Fátima Báñez García

Board member

PositionIndependent

First Appointment20 December, 2019

Latest Appointment24 June, 2024

 

Ms. Báñez García holds a combined degree in Law and Economic and Business Sciences from the Universidad Pontificia de Comillas -ICADE E-3- and continued her academic education with a postgraduate degree in Company Administration from the University of Harvard, Boston, MA, likewise completing the Public Management Leadership Programme at the IESE Business School. She was Minister of Employment and Social Security in the Spanish government from December 2011 to June 2018, and provisional Minister of Health, Social Services and Equality from August to November 2016. Also in the public area, she was member of the Spanish Congress of Deputies for Huelva (2009-2019), holding important responsibilities in the economic area of the Popular Parliamentary Group, as well as the position of chairperson of the Foreign Affairs Commission of the Lower Chamber (2018-2019). Previously, from November 1997 to June 2000, she was a member of the Board of Directors of Radio Televisión de Andalucía. She began her professional life in the private sector as head of Corporate Strategy and Development of her family’s company group (1993-1997) and returned to private activity as a business consultant and advisor in November 2019. She has extensive international experience, having represented Spain on the EPSCO Council, at the G-20, at the Ibero-American Summits and at meetings of the OECD and ILO, as well as at international employment forums. Ms Báñez is currently President of the CEOE Foundation. She was appointed director of the Company by co-option on 20 December 2019, and re-elected at the Ordinary General Shareholders' Meeting on 20 October 2020.

Other Boards of Directors on which he sits
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Position
  1. Company: 
    AVANGRID INC
    Position / Partner: 
    Adviser
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Mr. Marcos Peña Pinto

Adviser and coordinator

PositionIndependent

First Appointment7 May, 2019

Latest Appointment14 June, 2023

 

Mr. Peña Pinto holds a law degree from the Universidad Complutense de Madrid and passed the official examination to become a Technical Labour and Social Security Inspector. From 1984 to 1989, Mr Peña held the position of Labour Attaché at the Spanish Embassy in Italy. Subsequently, from 1991 to 1996, he was the Secretary-General for Health at the Ministry of Health and Consumption and Secretary General for Employment and Labour Relations at the Ministry of Labour. Between 2005 and 2006, he was appointed expert member of the Economic and Social Council, which he presided until April 2019. Likewise, Mr Peña Pinto has been a member of the Council of State due to his position as president of the Economic and Social Council. In April 2020, Mr Peña became a trustee of the CEOE Foundation. Regarding his other professional activities, it should be noted that Mr Marcos Peña is specialised in collective bargaining and has held the position of chairman of the Negotiation Committee for many collective labour agreements (e.g. Telefónica, Renfe, Repsol, Alcatel, Endesa, Astilleros, etc.). Furthermore, Mr Peña Pinto has been an arbitrator and mediator in various labour conflicts on a nationwide scale and is the author of numerous publications, often publishing articles with the written press. He was appointed as an independent director of the Company by co-option by the Board of Directors, accepting his appointment on 9 May, 2019, and re-elected at the Ordinary General Shareholders’ Meeting of 12 June, 2019.

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Mrs. Teresa Corzo Santamaría

Board member

PositionIndependent

First Appointment14 December, 2022

Latest Appointment14 June, 2023

 

Ms. Corzo Santamaría holds a degree in Economics and Business Sciences from Universidad Pontificia Comillas (ICAI-ICADE), having obtained a PhD in Economics and Business Sciences from Universidad de Navarra, and, in 2003, the CFA (Chartered Financial Analyst) certification, being since then a member of CFA Spain and CFA Institute. Between 1997 and 1998, she completed a postdoctoral fellowship, specialized in the area of finance, at University of California Los Angeles (UCLA). Subsequently, on her return to Spain, Ms. Corzo Santamaría worked for 6 years in Renta 4, Sociedad de Valores y Bolsa S.A. where she performed functions as investment and financial analyst and other functions related to the asset management, among others, management of derivatives portfolios and international investment funds. With regards to her career as a professor, it should be noted that Ms. Corzo Santamaría worked as a collaborating lecturer in the area of finance at Instituto de Empresas, later joining the Department of Financial Management at the Faculty of Economics of Universidad Pontificia Comillas (ICAI-ICADE), where she has been teaching various subjects related to portfolio management and financial derivatives (options and futures) since 2005. In 2017, Ms. Corzo Santamaría was appointed as Dean of the Faculty of Economics and Business Sciences of Universidad Pontificia Comillas (ICAI-ICADE), a position she continues to hold today. In addition, since August 2018 until August 2022, Ms. Corzo Santamaría was a member of the Board of Directors of Deutsche Bank SAE, as well as of its Risk, Audit, Nominations and Remuneration Committees. In relation to her research activities, Ms. Corzo Santamaría has collaborated in several studies related to credit and market risk, having published numerous articles in international journals such as Journal of Behavioral Finance, Journal of Asset Management, Journal of Insurance and Financial Management, Spanish Economic Review o Economic Notes.

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Company
Position
  1. Company: 
    Sociedad de Gestión de Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR)
    Position / Partner: 
    Chairman
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Mr. Gabriel Núñez Fernández

Secretary non board member

Position

First Appointment28 April, 2014

Latest Appointment

 

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Mr. Ignacio Zarzalejos Toledano

Deputy Secretary non board member

Position

First Appointment24 April, 2018

Latest Appointment

 

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