Cecabank Annual Report 2014

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29
DELEGATE COMMISSIONS
Appointments
and Remuneration Committee
Audit Committee Risks and Solvency Commission
The Audit Committee is responsible
for overseeing the effectiveness of the
company’s internal control, internal
auditing, where applicable, and its risk
management systems.
The Appointments and Remuneration
Committee supervises and reports
on the policy for the allowances,
remuneration and incentives paid
to directors and employees of the
institution, and ensuring compliance
with the requirements established in the
Articles of Association for the exercise of
the offices of member of the Board, of the
Committees, and of Chief Executive.
The Risks and Solvency Committee’s
role is to periodically ascertain
and analyse the institution’s position
as regards risks, solvency and
liquidity, and report to the Board of
Directors on regulatory developments
on the subject.
José Luis Aguirre Loaso
Chairman
Jesús Ruano Mochales
Member
Antonio Ortega Parra
Member
at which issues including the following
were discussed:
• 2013-2014 remuneration process,
• executives’ suitability test
• the committees’ allowances and
• policy on the target for
representation of the sex
least represented on the board
of directors.
at which issues including the following
were discussed:
• the control function and its
annual reports,
• the Internal Audit Plan,
External expert report on the
prevention of money laundering
and terrorist financing,
• implementing the institution’s Code
of Ethics,
• the External audit and
• the Risk Tolerance Framework.
at which issues including the following
were discussed:
• the institution’s risk
and solvency situation,
• the system of provisions for
operational risk for the depositary
activity,
• Internal capital adequacy
assessment report and Information
of Prudential Relevance,
• the capital target,
• the Risk Tolerance Framework, and
• as part of the risk information
for the Committee and the
Board (“reporting”).
María del Mar Sarro Álvarez
Chairman
Francisco Javier García Lurueña
Member
Manuel Azuaga Moreno
Member
José Manuel Gómez de Miguel
Chairman
Joaquín Cánovas Páez
Member
Santiago Carbó Valverde
Member
María del Mar Sarro Álvarez
Member
5 meetings
2014
4 meetings
2014
3 meetings
2014
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