30th Jul 2008 18:10
As provided in article 82 of the Spanish Stock Market Act (Ley del Mercado de Valores),
TELEFÓNICA S.A. hereby reports the following
NOTICE
The Board of Directors of Telefónica, S.A. at its meeting held today, has resolved, preceded by the relevant favourable report from the Nominating, Compensation and Corporate Governance Committee, to establish, a new Consultative Committee, called: "Innovation Committee", in accordance with that set forth in Article 22.b) of the Rules of the Board.
This Committee will be primarily responsible for advising and assisting in all matters regarding innovation. Its main object would be to perform an examination, analysis and periodic monitoring of the Company's innovation projects, to provide guidance and to help ensure its implementation and development across the Group
This Committee will be formed by the following Board Members:
Mr. Carlos Colomer Casellas (Chairman)
Mr. Pablo Isla Álvarez de Tejera
Mr. Antonio Massanell Lavilla
Mr. Peter Erskine
Mr. Julio Linares López
Madrid, July 30th, 2008
Related Shares:
TDE.L