The Appointments Committee will comprise a number of non-executive directors determined by the Board of Directors, subject to a minimum of three (3) and a maximum of five (5) members. A majority of its members must be independent. Members of the Appointments Committee will be appointed by the Board of Directors on a proposal received from the Audit and Control Committee. Meanwhile, the committee’s Chairman will be appointed from among the independent directors sitting on the committee.
The committee shall meet as often as needed to ensure the full and timely performance of its duties and meetings will be called by its Chairman, either on their own initiative or when requested by two (2) committee members. The Chairman must call a meeting whenever the Board or its Chairman requests that a report be issued or a resolution carried.
Its duties include the following:
For more information on the Appointments Committee and its duties, please see the section on Regulations of the Board of Directors.
The Audit and Control Committee will be composed exclusively of non-executive directors, in the number that is determined by the Board of Directors, subject to a minimum of three (3) and a maximum of seven (7). Most of the members of the Audit and Control Committee shall be independent and one (1) of them shall be appointed on the basis of their knowledge and experience of accounting or auditing, or both.
Meanwhile, the Board of Directors shall ensure that members of the Audit and Control Committee, and especially its Chairman, have knowledge and experience in accounting, auditing or risk management matters, and in any other fields that may aid the Audit and Control Committee in discharging all the duties entrusted to it.
As a whole, and without prejudice to the obligation to ensure suitable levels of diversity, the members of the Audit and Control Committee will be designated in view of the time and dedication needed to perform the duties entrusted to them and will possess the relevant technical knowledge and expertise in relation to the Bank’s business activities.
|Name||Post||Nature||Date of appointment|
|John S. Reed||Chairman||Independent||1 February 2018 (1)|
|María Teresa Bassons Boncompte||Member||Proprietary||12 December 2013|
|Eduardo Javier Sanchiz Irazu||Member||Independent||22 May 2020|
|Óscar Calderón de Oya||Non-director Secretary||-||1 January 2017|
|Óscar Figueres Fortuna||First Deputy Secretary (non-director)||-||23 October 2017|
(1) Appointed Chairman on 1st February 2018