Page 213 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

213
MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
MANAGEMENT REPORT FOR THEYEAR ENDED DECEMBER 31, 2013
(Expressed in thousand of euros)
9.5. Designation and functions of the department responsible for the management
of treasury shares
The Management Control Department shall be responsible for managing treasury shares
9.5.1. Special duty of confidentiality
The persons that form part of the Management Control Department assume special confidentiality commitments
with respect to treasury share strategy and trading.
9.5.2. Duties
The Department shall be responsible for:
a) Managing the treasury shares in accordance with the general principles established in the Code of Conduct
and those determined by the Telecinco Group’s managing bodies.
b) Overseeing the performance of the Telecinco’s shares and informing the director of regulatory compliance
of any significant changes in the share price which cannot reasonably be attributed to market movements.
c) Keeping a record of all treasury share trades ordered and executed for consultation by the director of
regulatory compliance, the Board of Directors or any other persons designated by the Board.
d) Establishing relationships with any supervisory bodies as necessary to correctly comply with the provisions
of this Code.
e) Preparing a report on the Department’s activities quarterly or whenever so required.
f) Notifying the director of regulatory compliance of any significant incident arising from the management of
the treasury shares.
SIGNIFICANT AGREEMENTS THATWOULD COME INTO FORCE,
BE AMENDED OR EXPIRE INTHE EVENT OF A CHANGE OF CONTROL
AT THE COMPANY
There are no significant agreements subject to a change in control at the Company.