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Composition and Functions of the Appointments and Remunerations Committee

Members of the Board of Directors
Diego Fernández de Henestrosa Argüelles
Chairman
Non executive
Josep Peralba Duró
Vice-chairman
Non executive
Francesc Xavier Cornella Castel
Secretary
Executive
Borja García-Nieto Portabella
Board member
Non executive
Francisco Miguel Jordá Blanes
Board member
Non executive
José María Ros González
Board member
Non executive
Rafael Añó Sanz
Board member
Executive
Alfonso Maristany Cucurella
Board member
Independent
Rafael Suñol Trepat
Board member
Independent
Jordi Junyer Ricart
Vice-Secretarie (non-member)
Arpine Abgaryan Ghazaryan
Vice-Secretarie (non-member)

    

Members and functions of the Appointments and Remuneration Committee
Rafael Suñol Trepat
Chairman
Independent
Diego Fernández de Henestrosa Argüelles
Secretary
Non executive
Josep Peralba Duró
Board member
Non executive

The functions of the Appointments and Remuneration Committee are detailed in the Organisation, Responsibility and Functions Policy of Banco Alcalá.

Appointments of Board members, Managing Directors and other officers have been made with favourable reports from the Appointments and Remuneration Committee.

Composition and functions of the Supervisory and Audit Committee
Alfonso Maristany Cucurella
Chairman
Independent
Diego Fernández de Henestrosa Argüelles
Secretary
Non executive
Josep Peralba Duró
Board member
Non executive

The functions of the Supervisory and Audit Committee are detailed in the Organisation, Responsibility and Functions Policy of Banco Alcalá.

Organisation, Responsibility and Functions Policy of Banco Alcalá.

Risk Management and Control

Head of the Risk Management and Control unit of Banco Alcalá, S.A.:

Enrique REINA GÓMEZ

Adequate risk management is critical to a financial institution’s business, and Banco Alcalá’s Board of Directors is firmly committed to implementing practical improvements and industry standards across the Banco Alcalá Group. The Group’s Risk Management System is comprised of the following components:

•            Risk Appetite Framework

•            General risk management principles and internal control framework

•            Governance structure and organisation

•            Corporate Risk Map

The risk management policy focuses on the mitigation and prudent adoption of risk – as the case may be – in each risk category in the conservative framework, as defined in the Bank’s Risk Management Policy, approved by Banco Alcalá, S.A.’s Board of Directors, on 25 April 2017.

-Risk management policy of the Banco Alcalá Group.

 

Remuneration policy and Identified Group

In accordance with applicable legislation, the Identified Group is that made up of Board members, senior executives and employees whose business activities have a significant impact on the institution’s risk profile, including at least those that meet the criteria set out in Articles 2, 3 and 4 of Delegated Regulation (EU) No. 604/2014.

 

In order to achieve an adequate balance between remuneration and risk, an internal procedure is implemented on a regular basis to identify the group that has the most significant impact on the institution’s risk profile. Every year, Banco Alcalá’s Board of Directors approves a remuneration policy which includes the following categories of staff:

 

-Categories of staff whose business activities have a significant impact on the institution’s risk profile.

-The measures in place to adjust remuneration if the staff member’s performance is below expectations. 

-The criteria used in determining remuneration to reflect both present and future risks.

-Aggregate quantitative information in relation to remuneration, distinguishing between (Investment banking, Commercial banking, asset management and other areas).

Banco Alcalá’s General Meeting has not approved any variable remuneration above 100% of the fixed remuneration paid to members of staff within the identified group.


Report with Prudential Relevance 2016

 

As far as the remuneration of Board members is concerned, Banco Alcalá, S.A.’s General Meeting approved the sum of 48,000 euros as remuneration for the Board of Directors at a meeting held on 30 June 2016. This decision was approved unanimously by those present at the meeting (7 shareholders representing 98.19% of shares) for the financial year 2016, in accordance with the provisions laid down in Article 25 of the Articles of Association. The distribution of this amount is to be agreed by the Board itself.