5. REMUNERATIONS

REMUNERATION OF DIRECTORS

During FY2016, the aggregate remuneration of the Board of Directors amounted to €12,302k.

ANNUAL REPORT ON REMUNERATION OF DIRECTORS

The Board of Directors approved on 8 March 2016 the Annual Report on Remuneration of Directors for FY2015 prepared by the Remuneration Committee, pursuant to the provisions of section 541 of the Companies Act; Order EEC/461/2013 of 20 March, whereby the contents and structure of the annual corporate governance report, the annual remuneration report and other information instruments of listed public companies, savings banks and other entities which issue securities admitted to trading in official securities markets, are determined; and in Annex I of Circular 7/2015 of 22 December of CNMV, whereby Circular 4/2013 of 12 June of CNMV, that provides the standard forms for the annual report on remuneration of directors of listed public companies is amended. This report is available on www.inditex.com.

Pursuant to the provisions of section 529 novodecies of the Companies Act and of Transitory Provision of Act 32/2014, the 2014 Annual Report on Remuneration of Directors covered the applicable remunerations policy for the following financial years and it was put to the advisory say-on-pay vote of the Annual General Meeting of Shareholders held on 14 July 2015, as a separate item on the agenda.