MERLIN Properties Annual Report 2020 / English

| 13 Composition The internal management organization structure can be summarized as follows: • Board of Directors: consisting of thirteen directors, advised by the Audit and Control Committee, the Appointments Committee and the Remuneration Committee. • Chief Executive Officer: reporting directly to the Board of Directors and forming part of it. • Investment Committee: reporting to the CEO and consisting of the executive team. (1) Coordinator Director. Number of ordinary shares 469,770,750 Number of weighted shares 469,770,750 Total equity (€m) 6,696 GAV (€m) 12,811 Net debt (€m) 5,268 Net debt / GAV 39.9% Capital structure key data Mónica Martín de Vidales Secretary Ildefonso Polo del Mármol Vice-Secretary Audit and Control Committee Appointments Committee Remuneration Committee Independent Directors Executive Directors Proprietary Directors Pilar Cavero Chairman Appointments Committee Javier García-Carranza Non-Executive Chairman Ismael Clemente CEO & Executive Vice-Chairman Miguel Ollero María Ana Forner Ignacio Gil-Casares Francisca Ortega Ana García Fau Fernando Ortiz Juan María Aguirre Chairman A&C Committee Emilio Novela (1) María Luisa Jordá Chairman Remuneration Committee Donald Johnston III Treasury stock 1.0% Autocartera Blackrock Nortia Capital Inve Banco Santander Free Float Banco Santander 24.5% Nortia Capital Investment 6.3% Blackrock 4.0% Free Float 64.2%