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    IDR   ES0118594417

INDRA SISTEMAS, S.A.

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Regulations of the Board of Directors, September 2021

11/11/2021 | 03:27pm EST

Regulations of the Board of Directors and its Committees for Indra Sistemas, S.A.

September 2021

This document is a translation of an original text in Spanish. In case of any discrepancy between both texts, the Spanish version will prevail.

Contents

I.

General Provisions .........................................................................................

3

Article 1.

Purpose and Scope...................................................................................

3

Article 2.

Interpretation .............................................................................................

3

Article 3.

Effective Date; Amendment ......................................................................

3

Article 4.

Distribution ................................................................................................

4

II. Mission of the Board of Directors..................................................................

4

Article 5.

Board Functions ........................................................................................

4

Article 6.

Criteria for Board Action ............................................................................

4

II

Composition of the Board ..............................................................................

5

Article 7.

Classes of Directors ..................................................................................

5

Article 8.

Qualitative Composition ............................................................................

5

Article 9.

Quantitative Composition ..........................................................................

6

IV.

Board Positions ..............................................................................................

6

Article 10.

Chairmanship and Deputy Chairmanship of the Board.............................

6

Article 11.

Lead Independent Director........................................................................

7

Article 12.

The Board Secretary .................................................................................

8

V. Proceedings of the Board ..............................................................................

9

Article 13.

Board Meetings .........................................................................................

9

Article 14.

Meeting Procedures ................................................................................

10

Article 15.

Minutes and Discussions ........................................................................

11

VI.

Board Committees ........................................................................................

11

Article 16.

Board Committees...................................................................................

11

Article 17.

The Executive Committee .......................................................................

13

Article 18.

The Audit and Compliance Committee ...................................................

14

Article 19.

The Appointments, Remuneration and Corporate Governance Committee

17

Article 19bis

Sustainability Committee.........................................................................

19

Article 19ter

Strategy Committee.................................................................................

20

VII. Appointment and Dismissal of Directors ....................................................

21

Article 20.

Nomination and Appointment of Directors ..............................................

21

Article 21.

Duration of mandate................................................................................

22

Article 22.

Re-election of Directors...........................................................................

22

Article 23.

Resignation and Dismissal of Directors ..................................................

22

Article 24.

Duty to Abstain. Secret Ballot .................................................................

24

Regulations of the Board of Directors and its Committees for Indra Sistemas, S.A.

1

VIII. Director Information .....................................................................................

24

Article 25.

Right to Information .................................................................................

24

Article 26.

External advice........................................................................................

25

XI.

Director Remuneration .................................................................................

25

Article 27.

Director Remuneration ............................................................................

25

X.

Director Duties ..............................................................................................

27

Article 28.

Duty of Care ............................................................................................

27

Article 29.

Duty of Secrecy and Confidentiality ........................................................

27

Article 30.

Duty of Loyalty.........................................................................................

27

Article 31.

Conflicts of Interest and Waiver ..............................................................

27

Article 32.

Prohibition Against Competition ..............................................................

29

Article 33.

Dedication ...............................................................................................

29

Article 34.

Duties of the Secretary and Deputy-Secretary of the Board...................

30

XI.

Transactions with Directors and Shareholders ..........................................

30

Article 35.

Related-Party Transactions.....................................................................

30

Article 36.

Public Information....................................................................................

31

XII. Board Relations ............................................................................................

31

Article 37.

Relations with Shareholders and Investors, Voting Advisers and Other

Stakeholders

.................................................................................................................

31

Article 38.

Relations with Markets ............................................................................

32

Article 39.

Relations with Auditors............................................................................

32

Regulations of the Board of Directors and its Committees for Indra Sistemas, S.A.

2

  1. General Provisions

Article 1. Purpose and Scope

  1. The purpose of these Regulations is to govern the principles for action and rules of procedure for the Board of Directors of Indra Sistemas, S.A. (the "Company") and its committees, in accordance with applicable law, the Bylaws, and best practices in the areas of national and international Corporate Governance.
  2. The Board Regulations apply to the Directors of the Company and, to the extent to which they are affected, to the Secretary and Deputy-Secretary of the Board as well as senior managers of the Company.
  3. Senior managers are those persons who perform senior management duties under the direct supervision of the administrative body, its executive committees or Executive Directors of the Company who are members of the Management Committee.

Article 2. Interpretation

  1. These Regulations shall be construed in accordance with applicable legal and statutory rules, as well as applicable principles and recommendations on Corporate Governance.
  2. The Board shall have the responsibility for clarifying their meaning and for resolving any doubts that may arise in their interpretation and application.

Article 3. Effective Date; Amendment

  1. These Regulations shall enter into force on the date of their approval or, if applicable, any amended form of them as adopted by the Board.
  2. These Regulations may be amended at the request of the Chairman/Chairwoman of the Board, of the Appointments, Remuneration and Corporate Governance Committee, or one third of the number of Directors.
  3. Any proposed amendment shall include a well-reasoned explanation for its motive and its scope and be previously reported on by the Appointments, Remuneration and Corporate Governance Committee.
  4. The text of the proposal, together with the explanation and committee report referred to above, shall be attached to the call notice of the Board meeting where the amendment is to be discussed.

Regulations of the Board of Directors and its Committees for Indra Sistemas, S.A.

3

Article 4. Distribution

  1. Persons subject to these Regulations are obliged to understand, follow, and enforce them. To this end, the Board Secretary shall provide them with a copy.
  2. The Board shall take measures to ensure that shareholders, markets, and investors in general become aware of the Board Regulations. To this end, the General Shareholders' Meeting will be informed, they shall be published on the Company's website, will be published as required by law, and will be submitted to all appropriate registries and supervisory bodies.
  1. Mission of the Board of Directors

Article 5. Board Functions

  1. Notwithstanding the powers vested in the General Shareholders' Meeting, the Board is the Company's highest administrative body and has the power to represent it as established by applicable law and the Bylaws.
  2. The Board is responsible for supervision and control of the executive bodies and the management team to whom it delegates day to day management of the Company, as well as verification that they act in accordance with the approved strategies and established objectives.
  3. The Board may not delegate those responsibilities which are reserved for its direct authority in accordance with applicable law, nor may it delegate any other power necessary for the responsible exercise of its general supervisory and control duties.
  4. Administrative bodies and persons to whom authority has been delegated may, under urgent circumstances, make decisions on matters reserved for the Board, which shall be brought before the Board for ratification at the first Board meeting held after the decision is taken.
  5. The Board shall take appropriate measures to ensure that:
    1. No person or group of persons have decision-making power not subject to checks and balances.
    2. No shareholder receives favourable or preferential treatment relative to other shareholders.

Regulations of the Board of Directors and its Committees for Indra Sistemas, S.A.

4

Disclaimer

Indra Sistemas SA published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 20:26:02 UTC.


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