3. Activities of the Audit and Control Committee: Sessions held, business transacted, reports and attendees

During financial year 2014, the Audit and Control Committee has met five times, all its members being in attendance.

The main activities of the Audit and Control Committee are summarized below:

Date of meeting Main business transacted Reports and motions submitted to the Board of Directors Inditex’s attendees
17/3/2014
  • Review of the financial statements of the company. Review of the annual financial report to be disclosed by the Board of Directors to the market and its supervisory boards.
  • Report on tax policies enforced in the course of the year (Code of Best Tax practices).
  • Meeting with the external auditors of the company.
  • Internal Audit: issues within its remit.
  • Report on the independence of external auditors.
  • 2013 Annual Corporate Governance Report.
  • -Report of the Committee of Ethics: summary of proceedings and enforcement of the Corporate Compliance system of the Inditex Group
  • Half-yearly report (August 2013 January 2014) of the Code Compliance Supervisory Board (CCSB).
  • Ethical Hacking
  • Annual financial information (FY2013).
  • Report on the independence of external auditors.
  • 2013 Annual Corporate Governance Report.
  • 2013 Annual report of the Committee of Ethics on the enforcement of the Corporate Compliance regulations of the Inditex Group and of the activities of the Committee.
  • Half-yearly report (August 2013 January 2014) of the Code Compliance Supervisory Board (CCSB).
  • Mr Pablo Isla Álvarez de Tejera, Chairman and Chief Executive Officer
  • Mr Ignacio Fernández Fernández, Chief Financial Officer
  • Mr Carlos Crespo González, Internal Audit Director
  • Mr Andrés Sánchez Iglesias, Tax Director
  • Mr Antonio Abril Abadín, General Counsel and Secretary of the Board
  • Mr Santiago Martínez-Lage Sobredo, Deputy-Secretary of the Board.
  • Mr Gabriel Moneo Marina, Director of the IT Division
9/6/2014
  • Review of the periodic financial information that the Board of Directors must provide to the market and to the supervisory bodies.
  • Internal Audit: analytical review of 1Q2014 results.
  • Internal Audit: issues within its remit.
  • Meeting with the external auditors of the company.
  • Preparation of the Triple Report on financial, social and environmental issues.
  • Annual Activities Report of the Audit and Control Committee
  • 1Q2014 financial information.
  • Triple report: financial, social and environmental.
  • 2013 Annual Activities Report of the Audit and Control Committee
  • Mr Pablo Isla Álvarez de Tejera, Chairman and Chief Executive Officer
  • Mr Ignacio Fernández Fernández, Chief Financial Officer
  • Mr Carlos Crespo González, Internal Audit Director
  • Mr Alberto Fernández Ferro, head of IT Internal Audit
14/7/2014
  • Risks Map.
  • Risks Map.
  • Mr Ignacio Fernández Fernández, Chief Financial Officer
  • Mr Carlos Crespo González, Internal Audit Director.
  • Ms Martina Fernández Porto, Enterprise Risks Management Director
15/9/2014
  • Review of the periodic financial information that the Board of
  • Directors must provide to the market and its supervisory bodies.
  • Meeting with the external auditors.
  • Internal Audit: issues within its remit.
  • Report of the Committee of Ethics: summary of proceedings and enforcement of the Corporate Compliance system of the Inditex Group
  • Half-yearly report (February July 2014) of the Code Compliance Supervisory Board (CCSB).
  • 1H2014 financial information
  • Report of the Committee of Ethics on the enforcement of Corporate Compliance of the Inditex Group and on the activities of the Committee.
  • Half-yearly report (February July 2014) of the Code Compliance Supervisory Board (CCSB).
  • Mr Pablo Isla Álvarez de Tejera, Chairman and Chief Executive Officer
  • Mr Ignacio Fernández Fernández, Chief Financial Officer
  • Mr Carlos Crespo González, Internal Audit Director
  • Mr Iago Vera Cuartero, and Mr Iván Escudero Rial, members of the operations and distribution area (Zara)
  • Mr Antonio Abril Abadín, General Counsel and Secretary of the Board.
9/12/2014
  • Review of the periodic financial information that the Board of Directors must provide to the market and its supervisory.
  • Internal Audit: Analytical review 3Q2014 results.
  • External audit: 2014 audit Plan and meeting with external auditors.
  • Financial management: Report on Investments Policy.
  • IT Department: follow-up of projects and risks of the IT area.
  • Internal Audit: issues within its remit.
  • 3Q2014 financial information
  • Mr Pablo Isla Álvarez de Tejera, Chairman and Chief Executive Officer.
  • Mr Ignacio Fernández Fernández, Chief Financial Officer
  • Mr Carlos Crespo González, Internal Audit Director
  • Mr Marcos López García, Capital Markets Director
  • Mr José Manuel Romay de la Colina, Financial Management Director
  • Ms María Paz Trillo and Mr Paul McAteer, members of the Financial Management Department
  • Ms Paula Mouzo, member of the Internal Audit Department
  • Mr Gabriel Moneo Marina, IT Director
  • Mr Julio Devesa Miramontes, Mr Julio Fernández-Argüelles Lobato and Mr Raúl Amigorena Eguiluz, members of the IT Department