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Committees of the Board of Directors

Functions. The Board of Directors, while always adhering to current legal requirements, has delegated its powers, except those which cannot be delegated for legal, statutory, or regulatory reasons, to a Executive Committee. This Committee provides the Board of Directors with greater operational efficiency in carrying out its functions, as it meets with more frequency than the Board.

Composition​  
Mr. César Alierta Izuel Chairman 
Mr. Isidro Fainé Casas Vice-Chairman
Mr. José María Abril Pérez Vice-Chairman
Mr. José María Álvarez-Pallete López CEO
Mr. Carlos Colomer Casellas Member
Mr. Francisco Javier de Paz Mancho Member
Mr. Peter Erskine Member
Mr. Alfonso Ferrari Herrero Member
Mr. Gonzalo Hinojosa Fernández de Angulo Member
Mr. Ramiro Sánchez de Lerín García-Ovies Secretary

Functions. Among other functions, it supports the Board of Directors in its supervision tasks and assumes the power to report on questions formulated by the shareholders in matters within the Committee's competence; it proposes the appointment and contractual conditions of the accounts auditor; it supervises the internal audit and the process of preparation and presentation of regulated financial information; it puts forward the policy of control and management of risks, and establishes and maintains an adequate relationship with the accounts auditor.

Composition Date of appointment​
Mr. Carlos Colomer Casellas (Chair) 24 April 2013
Mr. Alfonso Ferrari Herrero 27 February 2008
Mr. Gonzalo Hinojosa Fernández de Angulo 26 June 2002
Mr. Antonio Massanell Lavilla 30 August 2000
Mr. Ignacio Moreno Martínez 31 May 2013

Functions. It performs the tasks of reporting, in accordance with criteria of objectivity and adaptation to social interests, on appointment proposals, re-election and termination of Board Membership and Senior Management positions in the Company and in its subsidiaries, evaluating competences, knowledge and the experience necessary for candidates to cover vacancies. Furthermore, it proposes to the Board of Directors, within the framework established in the Corporate Statutes, the range and amount of remunerations, rights and economic compensation to be allocated to the Chairman, the Executive Directors and the Senior Management of the Company, including the basic conditions of their contracts in regards to contractual implementation. It also oversees compliance with Telefónica internal codes of conduct and the Corporate Governance regulations in force at all times.

Composition Date of appointment​
Mr. Alfonso Ferrari Herrero (Chair) 30 May 2001
Mr. Carlos Colomer Casellas  23 January 2008
Mr. Peter Erskine 27 February 2008
Mr. Gonzalo Hinojosa Fernández de Angulo 30 November 2005
Mr. Pablo Isla Álvarez de Tejera  26 June 2002

Functions. Among other powers, it assumes the role of carrying out permanent supervision of the main matters and affairs relating to regulatory order which affect the Telefónica Group at any one time. In addition, it serves as a channel of communication and information on regulatory matters between the Management Team and the Board of Directors and, when required, raises matters with the latter regarding issues considered important or relevant to the Company or for any of the businesses within the Group, as well as those matters for which it is necessary or convenient to make a decision or set out a specific strategy.

Composition Date of appointment
Mr. Gonzalo Hinojosa Fernández de Angulo (Chair) 24 April 2013
Ms. Eva Castillo Sanz  16 December 2009
Mr. José Fernando de Almansa Moreno-Barreda  25 January 2006
Mr. Francisco Javier de Paz Mancho  23 January 2008
Mr. Alfonso Ferrari Herrero  05 July 2007 
Mr. Ignacio Moreno Martínez   31 May 2013

Functions. Among other aspects, it carries out the examination, analysis and periodical monitoring of quality indices for the main services provided by companies in the Telefónica Group. In addition, it evaluates the levels of customer care delivered by the companies of the Group to its customers.

Composition Date of appointment
Mr. Antonio Massanell Lavilla (Chair) 26 March 1999
Ms. Eva Castillo Sanz  16 December 2009
Mr. Carlos Colomer Casellas 26 June 2002
Mr. Francisco Javier de Paz Mancho 31 May 2013
Mr. Alfonso Ferrari Herrero 16 December 2009
Mr. Gonzalo Hinojosa Fernández de Angulo 26 June 2002
Mr. Ignacio Moreno Martínez 31 May 2013

Functions. Notwithstanding other functions which may be attributable to the Board of Directors, the Institutional Affairs Committee will have as its main function the study and analysis of the questions and aspects related to Institutional Affairs of the Telefónica Group. 

Composition Date of appointment
Mr. Julio Linares López (Chair) 31 May 2013
Mr. José Fernando de Almansa Moreno-Barreda 31 May 2013
Mr. Francisco Javier de Paz Mancho 31 May 2013
Mr. Alfonso Ferrari Herrero 31 May 2013
Mr. Gonzalo Hinojosa Fernández de Angulo 31 May 2013
Mr. Antonio Massanell Lavilla 31 May 2013

Functions. Among other roles, it primarily provides support for the Board of Directors in the analysis and monitoring of the strategic policy of the Telefónica Group at a global level.

Composition Date of appointment
Mr. Peter Erskine (Chair) 17 December 2008
Mr. Julio Linares López  31 May 2013
Ms. Eva Castillo Sanz  17 December 2008
Mr. José Fernando de Almansa Moreno-Barreda  17 December 2008
Mr. Alfonso Ferrari Herrero  23 June 2010
Mr. Gonzalo Hinojosa Fernández de Angulo  17 December 2008

Functions. Its fundamental mission is to assess and provide support in all matters relating to innovation, carrying out analysis, studies and periodic monitoring of Company innovation projects, providing criteria and lending support in order to guarantee their adequate implementation and development throughout the Telefónica Group.

Composition Date of appointment
Mr. Carlos Colomer Casellas (Chair) 30 July 2008
Mr. José María Abril Pérez  18 May 2011
Mr. Peter Erskine  30 July 2008
Mr. Julio Linares López  18 December 2013
Mr. Antonio Massanell Lavilla  30 July 2008