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Cecabank Report 2018
About Cecabank
In 2018 the Board analysed the
Strategic Plan’s progress, among
other matters
In 2018 the Board approved its
Member Suitability Policy
•
The renewal of the composition of the Board’s delegated Committees
•
Policy for the Selection and Suitability Assessment of the Directors and
CEO or similar members
•
The Board of Directors’ Action Plan
•
The Modification of the General Remuneration Policy
•
The comprehensive reports on the activities carried out during the
financial year by the Board’s delegated Committees
The Board of Directors has appointed a Secretary non-member, which is also
the General Secretary of the institution, Mr. Fernando Conlledo Lantero.
Among the main functions of the Secretary is to assist the Chairman when it
comes to guaranteeing the proper functioning of the Board of Directors and
to ensuring the actions carried out by the Board conform to the applicable
regulation and the Articles of Association.
Period of performance of the role
Board members carry out their duties for a six-year term, after which point
they can be re-elected one or more times for periods of the same duration.
Policies for the selection and suitability assessment of
members of the Board of Directors and CEO or similar
members.
Since June 2013, Cecabank has had a policy for selecting and assessing the
suitability of the members of the Board of Directors, the CEO and similar
members, the persons in charge of internal control and other key positions, in
accordance with the provisions of
Act 10/2014 on the regulation, supervision
and solvency of credit institutions and other applicable regulation.
Due to the entry into force of the EBA-ESMA Guidelines on the assessment of
suitability of members of the management body and key function holders,
published in September 2017, the aforementioned Suitability Policy was
reviewed, and it was concluded that there was a need to begin work on a
new text for the Suitability Policy.
At its meeting of 28 November 2018, the Board of Directors agreed, as the
proposal of the Appointments Committee, to approve the Suitability Policy for
members of the Board of Directors, the CEO or similar members of Cecabank.
With the approval of the aforementioned policy, the part of the policy regarding
selecting and assessing members of the Board of Directors, the CEO and similar
members, the person in charge of internal control functions and other key
positions was rendered ineffective on 25 June 2013.
Similarly, the content of the Board of Directors Selection Policy, approved by
the Board of Directors on 24 May 2016 and of the Policy on the representation
target for the gender that is least represented on the Board of Directors,
approved by the Board of Directors on 25 November 2014, was rendered
ineffective since they were incorporated into the Suitability Policy approved
in 2018.
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