MERLIN Properties Annual Report 2023

12 | Annual report | 2023 Its internal organisational structure can be summarised as follows: • A Board of Directors (Board) composed of 13 directors and advised by the Audit and Control Committee (ACC), the Appointments and Remuneration Committee (ARC) and the Sustainability and Innovation Committee (SIC). The Company also has a Planning and Coordination Committee (PCC). . MERLIN’s Board of Directors, subject to individual re-election every two years and composed mainly of independent directors, defines, oversees and monitors the policies, strategies and general guidelines for the management of the Group. The Board is responsible for long-term strategy and for monitoring its implementation. • General Management , composed of the Chief Executive Officer (CEO) and the Chief Operating Officer (COO), who report directly to the Board and are also Board members. • An Investment Committee made up of the management team (1) . (1) The Management Teammeans: https://ir.merlinproperties.com/en/corporate-governance/management-team/ Business activities MERLIN Properties owns a portfolio of property assets valued at over EUR 11,270 million, mainly comprising 107 office buildings, 98 logistics warehouses, 13 shopping centers centres, 3 data centers and land for the development of logistics warehouses and data centers. The portfolio has a gross leasable area (GLA) of more than 3.2 million square metres that generates EUR 476 million in gross rental income.