Regulations and functioning
Regulations and functioning
The structure, composition, powers, and responsibilities of the Board Committees are governed by Articles 37 to 39bis of the Company Bylaws and Articles 32 through 37 of the Regulations of the Board of Directors.
The Committees will be considered validly convened when one half plus one of its members attend the meeting in person or by proxy.
The Committees will meet as and when called by the Chairman or requested by the majority of its members.
The Committees will establish an annual meeting calendar and an Action Plan for each year.
The members of the Committees will be relieved of their duties once their tenure as Director ceases or when agreed by the Board. Any vacancies that arise will be promptly filled by the Board of Directors.
In order to better carry out its duties, this Committees may seek advice from lawyers and other external professionals, in which case the Secretary to the Board, at the request of the Chairman of the Committee, will take whatever action necessary to contract the services of such lawyers or other professionals.