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10

Bme’s Corporate Outlook: Management model and relationships with the main market participants

Corporate Social Responsibility Report 2014

BME

Awards and distinctions received in 2014

In 2014, Javier Hernani Burzako, General Manager of

BME, was once again named the second best finance

director in Europe by the prestigious journal Institu-

tional Investor, based on a survey carried out among

over 2,000 managers worldwide.

Also, the company was named by the Multisector

Default Platform as one of the leading IBEX35®

companies to pay its suppliers within the legally-es-

tablished deadline.

Initiatives in which BME participates

BME is involved in the following national and interna-

tional initiatives:

The European Code of Conduct for Clearing and

Settlement (since 2006)

The Carbon Disclosure Project (since 2007)

The Code of Best Tax Practices (since 2010)

The United Nations Global Compact (since 2011)

Relations with Public Administrations

Given the importance of the activities carried out by

BME in ensuring the smooth running of the financial

markets and, by extension, the Spanish economy,

the company must maintain a fluid relationship with

public bodies through official channels predicated on

strict adherence to applicable regulations.

Furthermore, BME’s role as manager of regulated

markets, trading systems and registration, clearing

and settlement systems is carried out in compli-

ance with European and Spanish sector regulations.

Accordingly, BME and the majority of its subsidiaries

are supervised by the Spanish National Securities

Commission (Comisión Nacional del Mercado de

Valores, CNMV) and by the European Securities and

Markets Authority (ESMA). As part of its solid relation-

ship with the CNMV, BME actively participates in the

forums established in the regulator and serves on

the Consultative Committee, the advisory body to the

CNMV Board of Directors.

Institutional Investor Magazine named our CFO second

best financial director in Europe

Since it was first approved, BME has adhered to

the Code of Best Tax Practices, designed to foster a

relationship of reciprocal cooperation between the

Spanish tax administration agency and companies.

BME does not contribute to any political parties or

organisations, allowing BME management to remain

independent in its relationships with local, regional

and national government bodies.

BME did not receive any financial aid from the govern-

ment or Public Administrations in 2014. However, it

did avail itself of subsidies offered by the Fundación

Tripartita para la Formación en el Empleo to provide

in-company training initiatives for its employees (See

Chapter 3 of this report for more information).