Balance Sheet at 31 December 2010 of BBVA

Brief description
Article 48 of the bylaws establishes that the Audit committee be entrusted with the supervision of
financial statements and the exercise of oversight. This committee shall have the authority and
necessary means to carry out this fundamental role within the corporation.
The Audit committee shall have, as a minimum, the following powers:
a) to report, at the AGM on issues that shareholders bring up there regarding matters within the
scope of its powers.
b) to propose to the Board of Directors, for submission to the AGM, the appointment of the Auditor
of Accounts referred to in article 204 of the Companies Act and, where applicable, the
conditions under which they are to be hired, the scope of their professional remit, and
the termination or renewal of their appointment.
c) to supervise internal auditing services.
d) to be apprised of the financial information process and the internal control systems.
e) to maintain relations with the Accounts Auditor to receive information on such questions as
could jeopardise the Accounts Auditor’s independence, and any others related to the process
of auditing the accounts, as well as receive information and maintain communications
with the Accounts Auditor as established under the legislation of accounts audits and
the technical auditing standards.
The duties of this committee are detailed in section B.2.3.2.
Name of committee
RISKS COMMITTEE
Brief description
SEE B.2.3.3
B.2.5.
Indicate, if applicable, the existence of regulations of the Board committees, where such regulations may
be consulted and the amendments made during the fiscal year. Also indicate if any annual report of the
activities performed by each committee has been voluntarily prepared.
Name of committee
APPOINTMENTS COMMITTEE
Brief description
The Board Regulations, amended in May 2010, as detailed in section B.2.3 of this report, include
specific sections for each committee, regulating their composition, duties and operation. The Chair
of the Appointments committee presented a report to the BBVA Board of Directors on its activities
during 2010, describing the tasks carried out with respect the appointments, re-elections and
severances of directors and other matters, such as the review of the status of the independent
directors.
WARNING: The English version is only a translation of the original in Spanish for information purposes. In case of a discrepancy,
the Spanish original prevails.