2023 Highlights Digital Consumer Bank Europe
Corporate governance and internal control
'Best practices on robust governance are channelled to all subsidiaries'
Group-subsidiary governance model
Group
Board of Directors
Group Executive
Chair¹
Group CEO²
Subsidiary B
The Group-subsidiary governance model
enhances control and oversight through:
Subsidiary A
A
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
Control,
management and
C
business functions
Interaction between the Group's and the subsidiaries'
control, management and business functions
Compliance
Compliance
Audit
C
Audit
D
Interaction between global businesses * and local businesses
Risk
Finance
Risk
Financial Control/
Accounting
⚫ Others4
Global Businesses5
Santander
D
Finance
Financial Control /
Accounting
Others4
Global Businesses5
The Group's appointment and suitability assessment
procedure is a key element of Governance
(1) First executive. (2) Second executive who reports to the board of directors. (3) Europe, North America and South America, reporting to Group CEO. (4) Technology & Operations, Human
Resources, General Secretariat, Marketing, Communications, Strategy. (5) Retail & Commercial Banking; Digital Consumer Banking, Corporate & Investment Banking, Wealth Management &
Insurance and Payments
* Each global business is responsible to define the common business and operating model, set the global ambition and identify and managing the global tech platforms and product factories.
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