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
Chairman: Mr Justo Salcedo
Members: Mr Brahim Benjelloun-Touimi / Ms María José Román / Ms María Jesús Jiménez
Secretary of the Board, non-Director: Ms Sara Fernandez
RULES OF PROCEDURE OF THE JOINT AUDIT AND RISK COMMITTEE
Main functions of the Joint Committee
In the Audit Area:
Report to the general meeting of shareholders on any issues related to the Committee's responsibilities, particularly the results of the audit. This includes explaining how the audit has contributed to the integrity of the financial information and the Committee's role in the process.
Oversee the effectiveness of the company's internal control, internal audit, risk management and control systems, and the financial reporting process.
Supervise the preparation and presentation of mandatory financial information and provide recommendations or proposals to the management body to ensure its integrity.
Make recommendations to the Board of Directors regarding the selection, appointment, reappointment and replacement of the financial auditor.
Establish appropriate relations with the external auditor to receive information on any issues that may threaten its independence, for examination by the Committee.
Issue an annual report, before the audit report is released, expressing an opinion on the independence of the auditors.
In the Risk Area:
Advise the Board of Directors on the company's current and future overall risk propensity and strategy in this area, and assist in monitoring the implementation of this strategy.
Analyse and assess risk management and control policies and models, as well as their potential impact on the company's assets.
Ensure that the pricing policy for assets and liabilities offered to clients fully considers the company's business model and risk strategy.
Determine, together with the Board of Directors, the nature, quantity, format, and frequency of risk information to be received by the Committee and the Board.
Collaborate in the establishment of rational remuneration policies and practices.
Analyse and assess risks of all kinds, which, due to their special relevance or characteristics, could significantly affect the company's equity solvency, reputation, or strategic development expectations, for consideration by the Board.
