Board of Directors
Policy on incompatibilities and restrictions for the senior officers of Bankinter
Since it is a financial institution, Bankinter is subject to the restrictions established by Law 10/014 of 26 June on the Organisation, Supervision and Solvency of Credit Institutions concerning the number of boards on which its directors may serve. Bankinter has included this restriction in its Board of Directors Regulations. Moreover, the Board of Directors of Bankinter, regarding the Sustainability and Appointment Committee, approved a policy on incompatibilities and restrictions for the senior officers and other executives of Bankinter. Board members may not hold at the same time more positions as provided for in one of the following combinations: i) an executive position together with two non-executive positions, or ii) four non-executive positions. Executive positions shall be understood as those that perform managerial functions whatever the legal relationship attributed to them by these functions. For this purpose, the executive or non-executive positions held within the same group, as well as those held in commercial companies in which Bankinter is a major shareholder, among other things, is counted as a single position. Moreover, the positions held in non-profit or non-commercial organisations or entities will not be counted as part of the maximum number.