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ANNUAL REPORT 2011
Note on activity of
the non-executive
member of the Board
of Directors
The non-executive member of the Ibersol Board
of Directors, Professor Juan Carlos Vázquez-
Dodero, took part in nine meetings of the Board
of Directors, i.e. in 90% of the meetings held. He
was provided beforehand with all information
and documentation concerning the matters on
the meeting agendas, even for those he did not
attend.
The non-executive board member took part in
various meetings of the Executive Committee,
particularly in those dealing with topics involving
the Group’s business planning and strategy.
He frequently requested detailed information
from the Executive Committee about decisions
made with respect to developing and expanding
the businesses.
At operational level he maintained a close
relationship with the Management Control and
Planning Department. Professor Vázquez-
-Dodero met five times with the department
officers to together evaluate methodologies and
tools and to determine ways to improve control
of the businesses. He also contributed relevant
macroeconomic information to help assess the
situation in Spain.
Management Control provided him quarterly
with detailed information enabling him to
follow operational activity and evaluate the
performance of executive management vis-
-à-vis the plans and budgets approved by the
Board of Directors. All explanations requested
were provided.
The non-executive board member attended
all the meetings with the Fiscal Council and
followed all Corporate Governance matters that
arose during the financial year.