MADRID, 14 (SERVIMEDIA)
Banco Santander (SAN.MC) has decided to dispense with Rodrigo Rato as a member of its International Advisory Board, while it has decided to remove the organ of the body, according to confirmed sources Servimedia bank Friday.
The company explains that this decision is that the bank has decided to “reset” relations consultancy “has institutionalized in the light of the changes that have occurred in the global situation and will continue in the next decade. “
In this regard, adding that the digital revolution, new trends of global business, the major regulatory and customer requirements and lack of public confidence in the financial industry involve” significant challenges and opportunities for the business. “
Since the entity had always count Rato said that this advice was a” luxury “.
12 MEMBERS
The role of Rato did not involve executive responsibility in the entity and that Council was composed of several members from different sectors and countries.
This body was formed in 1997 and consisted of members of different nationalities and various areas of activity, all of them outside the bank.
According to the report of the entity, these members “in no case have directorships.”
Their participation is limited to “collaborate in the design, development and, where appropriate, implementation of business strategy globally, by providing ideas and suggesting business opportunities.”
During 2013, International Advisory Council held two meetings in which he has dealt, among other things, the evolution of the Group’s performance, position and prospects of France and its position on the European Union as well as the evolution of the Spanish economy and of the main countries where the Group operates and progress in the reform of the financial system in Europe.
In 2012, this body also met twice.
Currently was composed of 12 members, representing six nationalities. Spain, France, USA, Portugal, UK and Mexico
The president of this body was Antonino Fernandez, while the secretary was Ignacio Benjumea <. / p>
In addition, in 2012, the International Advisory Council consisted of 10 members from six countries.
(SERVIMEDIA)
14-NOV-14
GFM / gfm / gja
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