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
The Group-subsidiary governance model
enhances control and oversight through:
Subsidiary A
A
Group Executive
Chairman¹
Group CEO²
Board of Directors
A
Presence of the Group in the subsidiaries' boards of directors establishing
guidelines for board structure, dynamics and effectiveness
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
Control,
management and
business functions
⚫ Compliance
C
Interaction between the Group's and the subsidiaries'
control, management and business functions
⚫ Audit
. Risk
⚫ Finance
• Financial Control /
Accounting
⚫ Others4
C
•
Audit
⚫ 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 and Wealth Management & Insurance.
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