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  "notes": "Page 129 of HBX Group Annual Report and Accounts 2025.",
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      "text": "Transparency and pay equity\nPay for performance\nPay is considered in the context of the Group",
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      "text": "Total expenditure on remuneration: 174",
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      "text": "Statement of consideration of employee views\nThe Committee considered the pay arrangements for the wider employee group when designing the remuneration policy, including remuneration structures and quantum.",
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      "text": "Statement of consideration of shareholder views\nThe Committee considered the views of its largest shareholders and the Spanish Governance Code into account when designing the remuneration policy prior to IPO.",
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      "text": "These shared principles are reflected in similar remuneration characteristics: Total remuneration structure, Type of metrics, Efficient risk management.",
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      "text": "Director remuneration in the context of colleague pay\nWhen setting the terms of remuneration for executive directors, as described in this Remuneration Policy, the Committee considered the pay arrangements for the wider employee group.",
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