Balance Sheet at 31 December 2010 of BBVA

50. REMUNERATION OF THE BANK’S DIRECTORS AND SENIOR MANAGEMENT
Remuneration and other benefits of the members of the Board of Directors and members of the
Management Committee.
• REMUNERATION OF NON-EXECUTIVE DIRECTORS
The remuneration paid to individual non-executive members of the Board of Directors in 2010 is indicated
below, broken down by type of remuneration:
Year 2010 Remuneration of Non-
Executive Directors
Board of
Directors
Standing-
Executive
Committee
Thousand of Euros
Audit Committee Risk Committee
Appointments and
Compensation
Committee (4)
Appointments
Committee
(5)
Compensation
Committee
(5)
Tomás Alfaro Drake 129 - 71 - - 59 - 259
Juan Carlos Alvarez Mezquiriz 129 167 - - 18 - 25 339
Rafael Bermejo Blanco 129 - 179 107 - - - 415
Ramón Bustamante y de la Mora 129 - 71 107 - - - 307
José Antonio Fernández Rivero (1) 129 - - 214 - 23 - 366
Ignacio Ferrero Jordi 129 167 - - 18 - 25 339
José Maldonado Ramos (2) 129 - 71 - 45 - 62 307
Carlos Loring Martínez de Irujo 129 - - 107 - 23 25 284
Enrique Medina Fernández 129 167 - 107 - - - 403
Susana Rodríguez Vidarte 129 - 71 - 18 23 25 266
Total (3) 1,290 501 463 642 99 128 162 3,284
(1) Mr. José Antonio Fernández Rivero, apart from the amounts detailed in the table above, also received a total of €652 thousand in early retirement benefit as a former director of BBVA.
(2) Mr. José Maldonado Ramos, who resigned as chief executive of BBVA on December 22, 2009, received in the year 2010 apart from the amounts detailed in the table above, a total of €805 thousand in accrued variable
compensation in 2009 by his f ormer post of Company Secretary
(3) Mr. Roman Knörr Borras, who resigned as executive direct or on March 23, 2010, received in the year 2010 the total amount of €74 thousand as compensation for their membership of the Board of Directors
and Standing-Executive Committee until that date.
(4) By agreement of the Board of Direct ors on May 25, 2010, created two new Appointments and Compensation Commit tees, which replaced the former Appointments and Compensation Committee.
(5) Remuneration received from June 1, 2010.
Total
• REMUNERATION OF EXECUTIVE DIRECTORS
The remuneration paid to individual executive directors in 2010 is indicated below, broken down by type of
remuneration:
Thousand of Euros
Year 2010 Remuneration of Executive Directors
Fixed
Remuneration
Variable
Remuneration (1)
Total
Chairman and CEO 1,928 3,388 5,316
President and COO (2) 1,249 1,482 2,731
Total 3,177 4,870 8,046
(1) The figures relate to variable remuneration for 2009 paid in 2010.
(2) The variable remuneration for 2009 of COO, who was appointed on September 29, 2009, includes the remuneration received as Director of Resources
and Media in the period of 2009 in which he occupied that function (9 months ) and earned as COO since his appointment.
In addition, the executive directors received payment-in-kind during 2010 totaling €32 thousand, of which
€10 thousand relates to Chairman and CEO, €22 thousand relates to President and COO.
The Executive Directors accrued variable remuneration for 2010, to be paid in 2011, amounting to €3,011
thousand in the case of the Chairman and CEO and €1,889 thousand in the case of the COO.
These amounts are recognized under the item “Other liabilities – Accruals” on the liability side in the
accompanying balance sheet as of December 31, 2010.
• REMUNERATION OF THE MEMBERS OF THE MANAGEMENT COMMITTEE (*)
The remuneration paid in 2010 to the members of BBVA’s Management Committee amounted to €7,376
thousand in fixed remuneration and €15,174 thousand in variable remuneration accrued in 2009 and paid in
2010.
In addition, the members of the Management Committee received remuneration in kind and other items
totaling €807 thousand in 2010.
(*) This section includes information on the members of the Management Committee as of December 31, 2010, excluding the executive directors.
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