The Board of Directors, following the recommendations of the Unified Code of Good Governance and the international best practices on corporate governance, has created the postion of Lead Independent Director, approved by the General Shareholders’ Meeting.

The primary mission of this figure is to organise the common positions of the independent directors and serve as a dialogue channel of said positions to the Chairman of the Board of Directors, the Board and its Committees. This figure is endowed with extensive competencies that act as counterbalance to those attributed to the Chairman of the Board of Directors.

The term of office is three years and may be re-elected.

This position rests with the independent director Carmen Gómez de Barreda Tous de Monsalve.