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About

Governing and management bodies

Board of trustees

The Board of Trustees is the Governing and Representing Body of the Foundation; it has the power to take all necessary decisions regarding the governance, rules of order, top management, asset management and legal representation of the Foundation, with no restrictions other than those stated in the Law.

It is composed of a minimum of five and a maximum of sixteen members; its ex officio members are the Governor and the Deputy Governor of the Bank of Spain. Other members of the Board have a four-year term of office, and can be re-elected for successive terms. Its President is the Governor of the Bank of Spain and its Secretary is the General Secretary of the Bank of Spain.

Pablo Hernández de Cos
Governor, Bank of Spain
Margarita Delgado Tejero
Deputy Governor, Bank of Spain
Óscar Arce Hortigüela
Director General, Bank of Spain
Richard Blundell
Professor, University College London
Óscar Fanjul Martín
Deputy Chairman, Omega Capital
Teresa García-Milà
Director, Barcelona Graduate School of Economics
Rachel Griffith
Research Director, Institute for Fiscal Studies
Soledad Núñez
Council Member, Bank of Spain
Hélène Rey
Professor, London Business School
Matías Rodríguez Inciarte
Chairman, Santander Universidades
Vicente Salas Fumás
Professor, Universidad de Zaragoza
Pilar Sánchez Núñez
Adviser, Ministerio de Economía y Empresa
Julio Segura Sánchez
Former President, CNMV
Jaime Terceiro Lomba
Professor, Universidad Complutense de Madrid
David Webb
Professor, London School of Economics
Francisco Javier Priego
Secretary to the Governing Council, Bank of Spain

The Board of Trustees meets at least twice a year to approve the action plan for the next financial year and to approve the annual accounts of the last fiscal year.

Executive Commission

The Executive Commission is composed of a minimum of three and a maximum of five members. Its members and Chairman are appointed by the Board of Trustees. The Secretary of the Board of Trustees acts as Secretary of the Executive Commission.

Margarita Delgado Tejero
Deputy Governor, Bank of Spain
Óscar Fanjul Martín
Deputy Chairman, Omega Capital
Pilar Sánchez Núñez
Adviser, Ministerio de Economía y Empresa
Vicente Salas Fumás
Professor, Universidad de Zaragoza
Francisco Javier Priego
General Secretary, Bank of Spain

The Executive Commission exerts all the functions explicitly delegated to it by the Board of Trustees, except those regarding the yearly approval of the Foundation’s accounts and action plans, the reform of its Charter, the merger and extinction of the Foundation, and any other decisions that require authoritation from the Spanish Foundations’ Protectorate (“Protectorado de Fundaciones”).

Director

The Director is appointed by the Board of Trustees and is responsible for organizing the activities of the Foundation and exerting the specific tasks entrusted by the Board of Trustees and the Executive Commission. He is also responsible for preparing the annual accounts of the Foundation.

The current Director is Rafael Repullo

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