Informe_Anual_Cecabank_2016_ENG

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Directors as at 31 December 2015
GENERAL SHAREHOLDERS’ MEETING
Operation and related issues
Cecabank’s General Shareholders Meeting convened twice in 2016, and they
agreed, among other issues:
In line with our 2013-2016 Strategic Plan, we carried out a series of activi-
ties to adapt Cecabank to the new institutional framework and establish an
internal governance model with the highest standards of good governance in
mind. We have been very rigorous, and have adapted to the EBA’s (European
Banking Authority) standards for Corporate Governance.
As from 2017 our Board of Directors will be made up of 14 members: 8
proprietary directors, 5 independent directors, and 1 executive director.
Four delegate committees for the Board of Directors have been set up, all
of which are presided over by independent directors:
• Audit Committee
• Appointments Committee
• Remuneration Committee
• Risk Committee
In terms of transparency, we publish our Annual Report every year with
content included in the Corporate Governance Annual Report (IAGC) and
the Pillar III Disclosures Report
The General Committee
is responsible for, among
other duties outlined in
the statutes, to appoint
and dismiss directors,
approving the annual
accounts and the
distribution of profits.
Ordinary General
Meeting:
Approval of the annual
accounts, the management
report, and the distribution
of profits, as well as the
management of the Board of
Directors, all corresponding to
the financial year ending 31
December 2015.
The creation of a
capitalisation reserve.
The re-election of the company
accounts auditor.
Maximum level of variable
remuneration for 2016, for
staff whose professional
duties have a significant
impact on the risk profile
of the Company.
Extraordinary General
Meeting:
The appointment of
Mr. Francisco Botas
Ratera, as proprietary
board member.
Ms Carmen Motellón
García’s appointment
as an independent
board member.
Cecabank 2016 Annual Report Page. 45
04 CORPORATE GOVERNANCE
4.1
4.2
4.3
4.4