Sales and Distribution Department
Correspondent Banking Department
Economic and Financial Information
Code of Ethics and Professional Conduct
Complaints and Customer Service
Data Protection and Confidentiality
Corporate Governance and Remuneration Policy
Appointments and Remuneration Committee
Joint Audit and Risk Committee
Members
Chair: Ms María José Román
Members: Mr Khalid Nasr/Mr Justo Salcedo/Ms María Jesús Jiménez
Secretary of the Board, non-Director: Ms Sara Fernandez
APPOINTMENTS AND REMUNERATION COMMITTEE RULES OF PROCEDURE
SUITABILITY ASSESSMENT PROCEDURE
Main functions
Assess the suitability of candidates for positions on the Board of Directors and among Identified Staff.
Periodically review the Board of Directors' policy regarding the selection and appointment of its members, both individually and collectively, as well as that of Identified Staff.
Establish a target for gender representation for the under-represented gender on the Board of Directors and develop guidelines on achieving gender balance.
Propose the remuneration for Directors and Identified Staff to the Board.
Ensure that the Remuneration Policy is followed and review its content at least annually.
Carry out any other functions assigned by the Board of Directors.
The appointment of the members of the Board of Directors has been made following a favourable report from the Appointments and Remuneration Committee. This process considers their integrity, absence of potential conflicts of interest, and commitment. The respective annual reports concerning the re-evaluation of the suitability of each director, as well as the management body as a whole, are issued regularly. The most recent approval is documented in the reports dated 16 July 2020.
Corporate governance
In accordance with Regulation (EU) No 575/2013 of the European Parliament and Council of 26 June 2013, on prudential requirements for credit institutions and investment firms, and amending Regulation (EU) No 648/2012; Act 10/2014 of 26 June 2014, on the regulation, supervision, and solvency of credit institutions; Bank of Spain Circular 2/2016 of 2 February 2016, on the supervision and solvency of credit institutions—which completes the adaptation of Spanish law to Directive 2013/36/EU and Regulation (EU) No 575/2013; and the EBA/GL/2021/05 Guidelines on Internal Governance within the framework of control and best practices, BANK OF AFRICA EUROPE, S.A.U. (hereinafter referred to as “the Institution” or “BoAE”) prepares the following annual report. This report contains the most significant actions and information on corporate governance for each financial year.
This report provides a comprehensive and robust overview of the structure and allocation of functions and responsibilities within the bank, meeting the objectives of transparency and efficiency, which are fundamental values of the bank's good governance.
Furthermore, as a critical part of the transparency and good governance requirements set by regulations, the report includes legally mandated corporate governance reports, such as those related to remuneration.
ANNUAL CORPORATE GOVERNANCE REPORTS:
ANNUAL REMUNERATION REPORTS:
