Corporate Responsibility and Governance Committee

The Corporate Responsibility and Governance Committee is comprised of four members of the Board of Directors:

Corporate Responsibility and Governance Committee
Director	Position on the Board	Type of Director
Mr. Antonio Garamendi Lecanda	Chairman	Independent
Mr. Manuel Alves Torres	Member	External nominee
Mr. Luis Atienza Serna	Member	Executive
Ms. Ángeles Amador Millán	Member	Independent

The committee was set up by the Board of Directors on 18 November 2003 and replaced the previous Remuneration Committee. In 2009, said committee carried out a review of the Board of Directors’ Regulations which led to the approval of a new set of Regulations at the meeting held on 28 January 2010. Amongst the approved amendments, noteworthy was the change of name of said committee to the Corporate Responsibility and Governance Committee and the express attribution to the Committee of broader powers regarding corporate governance.

The operation and composition of this committee is governed by article 24 of the Articles of Association and by Chapter VI, articles 15 and 16 of the Board of Directors' Regulations.