Investor Presentaiton
Corporate governance and internal control
Best practices on robust governance are channelled to all subsidiaries
Group-subsidiary governance model
Group
Board of Directors
Subsidiary B
Group Executive
Chairman¹
Subsidiary A
A
Board of Directors
A
The Group-subsidiary governance model
enhances control and oversight through:
Presence of Grupo Santander in the subsidiaries' Boards of Directors
establishing guidelines for board structure, dynamics and effectiveness
Group CEO²
B
CEO/ Country Head
B
Regional Heads³
Reporting of the CEO / Country Heads to the Group CEO/
Regional Heads and Group Executive Committee
Control,
management and
business functions
• Compliance
Audit
• Risk
•
Control,
management and
business functions
C
Interaction between the Group's and the subsidiaries'
control, management and business functions
Compliance
⚫ Audit
•
•
⚫ Finance
⚫ Financial Control/
Accounting
.
Others4
•
Risk
•
⚫ Finance
•
Financial Control /
Accounting
⚫ Others4
The Group's Appointment and suitability assessment
procedure is a key element of Governance
Santander (1) First executive (2) Second executive (3) Europe, North America and South America, reporting to Group CEO (4) Technology & Operations, Human Resources, General
Secretariat, Marketing, Communications, Strategy, Santander Corporate & Investment Banking, Wealth Management & Insurance, Digital & Innovation and Global Platforms
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