ACS
Actividades de Construcción y Servicios

Board Committees

Appointment and remuneration Committee


Composition

Chairman:	Mr. José María Loizaga Viguri
Members:	Mr. Javier Echenique Landiríbar
	Mr. Pablo Vallbona Vadell
	Mr. Miguel Roca Junyet
	Mr. Julio Sacristán Fidalgo
Secretary non member:	Mr. José Luis del Valle Pérez

Functions

The Appointment and Remuneration Committee will report to the Board of Directors on the following matters:

• The remuneration scheme of the Chairman of the Board and other senior Company executives.
• The remuneration of Board members.
• Any long-term plans based on share value, such as stock options.

Operation

The Committee shall be deemed as convened once the majority of its members are present and resolutions will be passed by majority of votes, with the Chairman casting the deciding vote. The Committee will be called to meet by the Chairman at least twice yearly.