The main governing body of the company is the General Meeting of Shareholders, which is governed by the provisions of the Law, the Bylaws and the General Meeting Regulations. It is the responsibility of the shareholders constituted at the General Meeting to decide on their own matters that fall within its legal competence. The entity is managed by a Board of Directors, which is governed by the applicable legal regulations and by the Bylaws. The Board of Directors has the broadest powers for the administration of the Company and, except in matters reserved to the competence of the General Meeting, it is the highest decision-making body of the Company. The General Meeting of Shareholders is responsible for setting the number of directors, who must meet the suitability requirements necessary for the exercise of their position. In particular, they must possess recognized commercial and professional honor, have adequate knowledge and experience to perform their duties.
In accordance with current legislation, the Bank has a General Policy for evaluating the suitability of the members of the Board of Directors and of the Managing Directors or similar, as well as for evaluating the suitability of those responsible for internal control functions and other positions that are key for the daily running of the bank's financial operations.
The appointments of these positions have been carried out in accordance with the aforementioned policy, involving a prior assessment and review by the Appointments and Remuneration Committee in which all the candidates proposed have been assessed as being "ideal".
Sections 1.4, 4.2 and 4.3 of the Prudential Information Report for the 2019 financial year contain information on the governance bodies and their structure and on the functions of the Bank's control framework.
In sections 3.1, 4.1 and 4.4 of the Prudential Information Report for the 2019 financial year, you can view information on: the procedure applied to assess the adequacy of internal capital (ICAAR); the risk management policies and objectives; and the risk information report.
In section 4 of the Prudential Information Report for the 2019 financial year, you can view information on administrative and accounting Mechanisms and Procedures, as well as those relating to internal control.
For the determination of the identified group of the company, the Management of the entity, has a Procedure for determination of the identified group, which establishes the appropriate qualitative criteria and quantitative criteria to determine the categories of staff whose professional activities have a significant impact on the risk profile of a company.
In section 14 of the Prudential Information Report for the 2019 financial year, you can view information on the remuneration of the identified group.