Corporate governance

CaixaBank strives to be a benchmark in corporate governance, as set out in its 2015-2018 Strategic Plan. It therefore considers transparency and the adoption of best practices to safeguard the interests, and maintain the trust, of all its stakeholders to be essential.

The objective of the governance system is to ensure the healthy and prudent management of the Group.
CaixaBank’s management and control is borne by the shareholders at the Annual General Meeting, the Board of Directors and its Committees.

CaixaBank management and control structure

General Shareholders' Meeting

Board of Directors

Further progress was made in 2017 on, inter alia, the implementation of best corporate-governance practices, with an increase in the number of independent directors and the appointment of a lead director, with the following duties: to chair the Board of Directors in the absence of the Chairman or Deputy Chairmen, if any; give voice to the concerns of independent directors; maintain contact with investors and shareholders to hear their views, especially with regard to the Company’s corporate governance; and coordinate the succession plan for the Chairman.

Modifications were also made to the by-laws and the Regulations of the Board of Directors, limiting the number of proprietary directors who can represent the same shareholder (without prejudice to the right of representation) and enhancing the role of independent directors. The latter was achieved by increasing the number of independent directors on the Board committees and prohibiting the participation of proprietary directors who represent the same shareholder in proposals for, and appointments of, independent directors.

Board of Directors

The Board of Directors is the highest decision making body, except for matters reserved for the annual general meeting.
It ensures that the Group: complies with prevailing legislation; complies with its obligations and agreements in good faith; respects customs and best practices in the sectors and territories where it is active; and observes the additional social responsibility principles it has voluntarily undertaken.

Shareholders have equal rights
A balanced Board
Further information at:
Corporate Governance and remuneration policy Anual Corporate Governance Report Board of Directors Annual report on the remunerations of the members of the Board of Directors


At 31 December 2017

* December 31, 2017 was his last day in the role, following submission of his intention to retire.
Board of Directors

Best good governance practices

One of CaixaBank’s strategic priorities is to set a benchmark through its corporate governance practices.

It is compliant with all applicable regulations in this regard, and voluntarily complies with most of the 64 recommendations in the CNMV’s Good Governance Code for listed companies. Specifically, it is fully compliant with 57 of the recommendations and partially compliant with 4, as follows:

Profile of the Board members*

*Uninterrupted, and at 2017 year end

For more information, refer to CaixaBank’s Annual Corporate Governance Report, which is available on

Further information at:
Anual Corporate Governance Report Annual report on the remunerations of the members of the Board of Directors Good Governance Code of listed companies


At 31 December 2017

Chief Executive Officer
1.  Gonzalo Gortázar Rotaeche
General Managers
2. Tomás Muniesa Arantegui
Insurance and Asset Management
3. Juan Antonio Alcaraz García
4. Francesc Xavier Coll Escursell
Human Resources and Organisation
5. Jordi Mondéjar López
Deputy General Manager
6. Joaquín Vilar Barrabeig
Internal Audit
Executive Managers
7. Javier Pano Riera
8.   Jorge Fontanals Curiel
9.   María Victoria Matía Agell
International Banking
10. María Luisa Martínez Gistau
Communication, Institutional Relations, Brand and CSR
11. Matthias Bulach
Financial Accounting, Control and Capital
General Secretary and
Secretary to the Board of Directors
12. Óscar Calderón de Oya
Further information at:
Management Committee