Annual report 2009 - Santander

62Commitment and experience of the BoardIn a sustained fashion, the board’s interest in theBank’s capital has come to around 3,000 million euros.The directors have, on average, more than 12 years’experience in the Bank’s board duties.Board’s interest in the Bank’s capitalData at 31 December 20093,251 million eurosStock market value281,460,101Number of shares of the boarExperience of the boardMore than 15 years50 to 4 years35 to 9 years411.55 eurosStock listing price3.420%Interest held by the board in the Bank’s share capital10 to 14 years7The 10 independent non-executivedirectors have an average of 10 years’experience on the board.In the case of the 6 executivedirectors, their average experienceexceeds 20 years.“The Board and the entire organisation of the Bank are stronglycommitted to our risk management culture.”Emilio Botín, ChairmanGeneral shareholders’ meeting, 19 June 2009Number of meetings of the executive committee, the riskcommittee and the audit and compliance committeeCommittees 2005 2006 2007 2008 2009Executive 53 51 55 59 56Risk 100 100 98 102 99Audit and compliance 11 12 13 11 11Total meetings 164 163 166 172 166Number of directors participating in theexecutive committee, the risk committee andthe audit and compliance committee1 director is a member of all 3committees4 directors participatein both the ECand the RC15 out of the19 directorsparticipate in atleast 1 of the 3committeesAverage attendance rate at meetings of the executive committee, the risk committee andthe audit and compliance committee%Executive committeeRisk committeeAudit and compliance committee92.590.590.388.989.1 88.2 88.387.487.185.886.290.992.089.592.720052006 2007 2008 2009Annual report 2009 Corporate governance report