Order of 12 May 2023 by the Institute of Accounting and Auditing appointing and dismissing members of the Accounting and Sustainability Advisory Committees

II. AUTHORITIES AND PERSONNEL
A. Appointments, situations, and incidents
MINISTRY OF ECONOMIC AFFAIRS
AND DIGITAL TRANSFORMATION

12418 Order of 12 May 2023, of the Institute of Accounting and Auditing, by which dismissals and appointments of titular and alternate members of the Accounting Advisory Committee are ordered, and titular and alternate members of the Sustainability Advisory Committee are appointed.

Law 22/2015, of 20 July, on Audit of Accounts, regulates the functions and compositions of the governing bodies of the Institute of Accounting and Auditing. Paragraph 2 of Article 106 of Royal Decree-Law 20/2022, of 27 December, on measures to respond to the economic and social consequences of the War in Ukraine and to support the reconstruction of the island of La Palma and other vulnerable situations, gives a new wording to Article 59, changing its title from "Accounting Council" to "Corporate Information Council" and also creating a new advisory body, the "Sustainability Advisory Committee."

Specifically, Article 59 of Law 22/2015 regulates the functions and composition of the Corporate Information Council, the Accounting Advisory Committee, and the Sustainability Advisory Committee in the following terms:

"Article 59. The Corporate Information Council.

1. The Corporate Information Council is the competent body, after hearing the Accounting Advisory Committee, to assess the suitability and adequacy of any normative proposal or interpretation of general interest in accounting matters with the Accounting Conceptual Framework regulated in the Commercial Code.

Likewise, it is the competent body, after hearing the Sustainability Advisory Committee, to assess the suitability and adequacy of any normative proposal or interpretation of general interest in matters of corporate information on sustainability.

To this end, it will inform the competent bodies and organisms before the approval of accounting standards or corporate information standards on sustainability and their interpretations, issuing the corresponding non-binding report.

2. The Corporate Information Council will be presided over by the President of the Institute, who will have a casting vote, and formed, together with him, by a representative from each of the remaining centers, organisms, or institutions that have attributed competencies in accounting regulation, and where applicable, corporate information on sustainability of the financial system: Bank of Spain, National Securities Market Commission, and General Directorate of Insurance and Pension Funds.

A civil servant of the Institute of Accounting and Auditing will attend with voice, but without vote, as Secretary of the Council.

Likewise, a representative of the Ministry of Finance and Public Function designated by the head of the Department will also be part of the Corporate Information Council with voice, but without vote.

3. The Accounting Advisory Committee is the advisory body of the Corporate Information Council in accounting matters. Said Committee will be integrated by accounting experts of recognized prestige in relation to financial information, representing both public administrations and the different sectors involved in the elaboration, use, and dissemination of said information. In any case, the Ministries of Justice; of Economic Affairs and Digital Transformation, through the Institute of Accounting and Auditing; of the General Directorate of Insurance and Pension Funds; of the National Statistics Institute; of Finance and Public Function, through the General Comptroller of the State Administration and the General Directorate of Taxes; the Bank of Spain; the National Securities Market Commission; and the General Council of Economists of Spain must be represented.

Likewise, it will be integrated by a representative of the associations or organizations representing issuers of corporate economic information and another of users of accounting information; a representative of the associations issuing accounting principles and criteria; an auditing professional proposed by the Institute of Chartered Accountants and another from the University.

The head of the Presidency of the Institute of Accounting and Auditing may appoint up to five persons of recognized prestige in accounting matters. Additionally, when the complexity of the subject matter so requires, they may invite an expert in said matter to the meetings.

Any project or normative or interpretative proposal in accounting matters will be submitted to the deliberation of the Accounting Advisory Committee.

4. The Sustainability Advisory Committee is the advisory body of the Corporate Information Council in matters of corporate information on sustainability. Said Committee will be integrated by experts of recognized prestige in relation to corporate information on sustainability, representing both public administrations and the different sectors involved in the elaboration, use, dissemination, and verification of said information. In any case, the Ministries of Justice; of Economic Affairs and Digital Transformation, through the Institute of Accounting and Auditing; of Finance and Public Function; of Ecological Transition and Demographic Challenge must be represented; the Ministries of Labour and Social Economy, of Social Rights and Agenda 2030, and of Equality must jointly appoint two representatives; the National Securities Market Commission must be represented; the Bank of Spain; the General Directorate of Insurance and Pension Funds, and the General Council of Economists of Spain.

Likewise, it will be integrated by two representatives of the associations or organizations representing issuers of corporate information on sustainability, one of whom being a representative of small and medium-sized enterprises; a representative of users of sustainability information and a professional of verification of sustainability information proposed by the Institute of Chartered Accountants.

The head of the Presidency of the Institute of Accounting and Auditing will designate a representative of said Institute, a representative of the University, a representative of the associations issuing accounting principles and criteria, and may appoint up to four persons of recognized prestige in sustainability matters. Additionally, when the complexity of the subject matter so requires, they may invite an expert in said matter to the meetings.

Any project or normative or interpretative proposal in matters of corporate information on sustainability will be submitted to the deliberation of the Sustainability Advisory Committee.

5. The faculties to propose to the Accounting Advisory Committee and the Sustainability Advisory Committee correspond, in the form and conditions established by regulation, generally to the Institute of Accounting and Auditing, without prejudice to those referred to the financial sector which will correspond in each case to the Bank of Spain, the National Securities Market Commission, and the General Directorate of Insurance and Pension Funds, according to their respective competencies, and without prejudice to making joint proposals.

The composition and form of designation of its members and the form of action of both Committees will be those determined by regulation.

6. Attendance at the Accounting Advisory Committee and the Sustainability Advisory Committee entitles to the corresponding indemnity."

Considering the above, I resolve:

First. Dismissal of a titular member of the Accounting Advisory Committee of the Institute of Accounting and Auditing.

Francisco de Blas Cruz, appointed by Order EIC/620/2017, of 21 June, is dismissed as titular member of the Accounting Advisory Committee, representing the General Directorate of Insurance and Pension Funds.

Second. Appointment of a titular member of the Accounting Advisory Committee of the Institute of Accounting and Auditing.

Carolina Lameiro Medina is appointed as titular member of the Accounting Advisory Committee, representing the General Directorate of Insurance and Pension Funds.

Third. Appointment of the following titular members of the Sustainability Advisory Committee of the Institute of Accounting and Auditing.

Salvador Marín Hernández is appointed as titular member of the Sustainability Advisory Committee, representing the General Council of Economists of Spain.

Pablo Bascones Ilundáin is appointed as titular member of the Sustainability Advisory Committee, representing the Institute of Chartered Accountants of Spain.

Gregorio Gil Ortiz is appointed as titular member of the Sustainability Advisory Committee, representing the Spanish Association of Accounting and Business Administration.

José Antonio Fernández de Pinto is appointed as titular member of the Sustainability Advisory Committee, representing the General Directorate of Insurance and Pension Funds.

Maravillas Espín Sáez and Carlos Casanova Mateo are appointed as titular members of the Sustainability Advisory Committee, representing the Ministry of Social Rights and Agenda 2030.

Enrique Rubio Herrera is appointed as titular member of the Sustainability Advisory Committee, representing the General Comptroller of the State Administration.

Paloma Ortega de la Obra is appointed as titular member of the Sustainability Advisory Committee, representing the Bank of Spain.

Lucía Cobo is appointed as titular member of the Sustainability Advisory Committee, representing the Ministry of Ecological Transition and the Demographic Challenge.

Arancha Piñeiro is appointed as titular member of the Sustainability Advisory Committee, representing the company Repsol.

Eduardo Manso Ponte is appointed as titular member of the Sustainability Advisory Committee, representing the National Securities Market Commission.

Mario Maraver Gómez is appointed as titular member of the Sustainability Advisory Committee, representing the Ministry of Justice.

Belén Varela Nieto is appointed as titular member of the Sustainability Advisory Committee, representing the company Inditex.

Roberto Fernández Albendea is appointed as titular member of the Sustainability Advisory Committee, representing the company Iberdrola.

Marco Masip Fernández is appointed as titular member of the Sustainability Advisory Committee, representing the company Telefónica.

José Mariano Moneva Abadia is appointed as titular member of the Sustainability Advisory Committee, proposed by the President of the Institute of Accounting and Auditing and representing the university.

Ana María Martínez-Pina García is appointed as titular member of the Sustainability Advisory Committee, by appointment of the President of the Institute of Accounting and Auditing as a person of recognized prestige in sustainability matters.

Iñigo Zabala Ortíz de la Torre is appointed as titular member of the Sustainability Advisory Committee, representing the Spanish Confederation of Business Organizations (CEOE).

Fourth. Appointment of the following alternate members of the Sustainability Advisory Committee of the Institute of Accounting and Auditing.

Emilio Álvarez Pérez-Bedia is appointed as alternate member of the Sustainability Advisory Committee, representing the General Council of Economists of Spain.

Raquel San Jaime Carrasco is appointed as alternate member of the Sustainability Advisory Committee, representing the Institute of Chartered Accountants of Spain.

José Luis Retolaza Avalos is appointed as alternate member of the Sustainability Advisory Committee, representing the Spanish Association of Accounting and Business Administration.

Carolina Lameiro Medina is appointed as alternate member of the Sustainability Advisory Committee, representing the General Directorate of Insurance and Pension Funds.

Begoña Suárez Suárez and Cristina González Cebas are appointed as alternate members of the Sustainability Advisory Committee, representing the Ministry of Social Rights and Agenda 2030.

Andrés Baldominos Casado is appointed as alternate member of the Sustainability Advisory Committee, representing the General Comptroller of the State.

José Ramón Canales Santander is appointed as alternate member of the Sustainability Advisory Committee, representing the Bank of Spain.

María Encarnación Lorenzo Pascual is appointed as alternate member of the Sustainability Advisory Committee, representing the Ministry of Ecological Transition and the Demographic Challenge.

Óscar Casado Galán is appointed as alternate member of the Sustainability Advisory Committee, representing the National Securities Market Commission.

Amanda Cohen Benchetrit is appointed as alternate member of the Sustainability Advisory Committee, representing the Ministry of Justice.

Carlos Larrinaga González is appointed as alternate member of the Sustainability Advisory Committee, proposed by the President of the Institute of Accounting and Auditing representing the university.

Bernardo Cruza Martos is appointed as alternate member of the Sustainability Advisory Committee, representing the Spanish Confederation of Business Organizations (CEOE).

Fifth. Effects.

This Order will take effect from the day following its publication in the "Boletín Oficial del Estado".

Madrid, 12 May 2023.–The President of the Institute of Accounting and Auditing, Santiago Durán Domínguez.