02. PRISA, A GLOBAL GROUP ANNUAL REPORT 2011 pliance with corporate governance recommendations. Since the 2007 report, the company has taken on board the recommendations outlined in the Unified Code on Good Corporate Governance issued by the Comisión Nacional del Mercado de Valores (CNMV) in May 2006. Criteria for actions by the Board of Directors As indicated in the Board of Directors Regulations, the actions of the Board must be subject to the following criteria: compliance with Social Responsibility (CSR) objectives, defense of the long-term viability of the company and the enhancement of its real value, safeguarding the identity and professional, ethical and editorial principles of the Group’s media. Appointments and Resignations Specific procedures regulating executive appointments Company executives are appointed by the CEO who is granted this authority under Article 11 of the Board of Directors Regulations. Formal procedures regulating appointments, reelection, evaluation and removal of board members The Board of Directors shall be made up of a minimum of three and a maximum of 17 members, determined at the annual shareholders meeting. The Board is currently made up of 15 members, including one executive, seven directors representing controlling shareholders, six independents and one external member. Company executives come from a wide variety of academic and professional backgrounds. Their CVs may be viewed on the company website (www.prisa.com). The Board has a chairman (Ignacio Polanco Moreno), a CEO (Juan Luis Cebrián Echarri) and a secretary (Íñigo Dago Elorza). The chairman and the CEO assume all powers that the Board can legally delegate to them. Executive Committee and Board of Directors Committees PRISA’s Board has established a number of commissions and committees: an Executive Committee, an Audit Committee and a Corporate Governance, Appointments and Remuneration Committee. Details of the composition and responsibilities of the Executive Committee and of the other committees, as well as meetings held over the course of 2010, are available in the ACGR. The Audit Committee and the Corporate Governance, Appointments and Remuneration Committee have both published reports describing their functions and activities over 2010. Appointing and removing board members Chapter VI of the Board Regulations details the pro- Culture of Corporate Social Responsibility in the governance bodies of the Company Corporate Social Responsibility Policy The management of each business unit (publishing, press, radio, audio-visual and Internet), will adopt the necessary measures to ensure fluid communication with the plurality of social interests and concerns. The Group’s media outlets will keep channels of communication permanently open to these interests. Various members of the administrative and management organs of the company hold executive functions that involve them directly in the company’s media organizations. This puts them in a position of constant communication with stakeholders. In recent years, increasing amounts of information about the company’s Corporate Social Responsibility policies have been made available. This will continue to be the case, as we provide the public with improved and more complete information about PRISA’s CSR policies. In 2008 the Board gave its approval for the Report on Corporate Social Responsibility, created with the participation of a consulting firm specialized in this field. 24