Board of Directors Mr Manuel Olivencia Ruiz (Lead independent Director)

Graduated in Law, winning the Extraordinary Graduation Prize, from Sevilla's Faculty (1951). PhD in Law from Bologna University (1953) and a prolific author of scientific material. He has been decorated with four Great Crosses (the Isabel la Católica, Alfonso X el Sabio, San Raimundo de Peñafort and Military Merit crosses).

Dean of the Law Faculty (1968-1971) and Economics and Business Faculty (1971-1975) at Sevilla University, Undersecretary for Education (1975-1976), Director of the Bank of Spain (1982-1991) and Chairman of the Special Committee for Drafting the Code of Good Governance (1997).

Since 1960, professor of Commercial Law at Sevilla University, where he is currently professor emeritus, a permanent member of the General Codification Committee and of the Royal Academy of Jurisprudence and Legislation and the Royal Seville Academies of Fine Arts and Legislation and Jurisprudence. He is also an Extraordinary Ambassador for Spain, a Delegate on the United Nations International Law Commission and a specialised arbitration lawyer.

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