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« Previous Page Table of Contents Next Page »of representation, delegation and fractioning of the vote and the channels established to facilitate participation such as the arrangement of an Electronic Forum for Shareholders.
The following competences, inter alia, are reserved exclusively to the Board of Directors and may not be delegated to any other decision -making body: (i) approval of the annual budget and strategic plan, (ii) supervision of the investment and fnancing policy and the Telecinco Group’s corporate structure, (iii) approval of the corporate governance policy, (iv) supervision of the Corporate Responsibility policy, (v) approval of the remuneration policy of executive directors and the main contractual conditions to be observed, (vi) assessment of executive directors’ performance, (vii) follow-up of the risk control and management policy and internal information and control systems.
With respect to remuneration, since 2007 Telecinco has prepared and submitted to the General Shareholders’ Meeting a report on its directors’ remuneration policy, prepared by the Appointments and Remuneration Committee,
setting out detailed information and disclosures of the remuneration received during the reporting period, detailing any additional remuneration received, contribution to defned pension plans and other items specifed in the Annual Corporate Governance Report.
The report also contains information on the remuneration system that will determine the directors’ remuneration in 2011 and the fgures for 2008 and 2009. The information contained in the Report has been extended and includes the structure and amount of the remuneration of Telecinco’s senior managers and main Group companies. This information is made available to shareholders as from the date of the publication of the notice of the General Shareholders’ Meeting and is accessible through the website or by asking for a free printed copy and is voted on annually during the General Shareholders’ Meeting.
More detailed information on corporate governance may be found in the Annual Corporate Governance Report for 2010, available at (http://www.telecinco. es/inversores/es/) (this information has been verifed by PwC).
Share capital
Date of latest change 29/12/2010
Share capital (€) 203,430,713
No. shares 406,861,426
No. voting rights 406,861,426
Sustainable Management
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