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
- Vítor Constâncio
- President of the School Board, Lisbon School of Economics and Management
- 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
- Council Member, Comisión Nacional de los Mercados y la Competencia
- 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
- Vicente Salas Fumás
- Professor, Universidad de Zaragoza
- Pilar Sánchez Núñez
- Council Member, Comisión Nacional de los Mercados y la Competencia
- 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
