List of board committees

All powers of the Board are permanently delegated to the Delegate Committee except those that may not be delegated by law or under the Board Regulations.

The Committee supports the Board of Directors in its supervisory duties by regularly reviewing the preparation of economic and financial reporting, the effectiveness of internal controls, and the independence of the auditor, as well as verifying compliance with all the legal provisions and internal regulations applicable to the Company.

The responsibilities of this Committee include, among others, submitting proposals and reporting to the Board of Directors on the selection, appointment, re-election, and removal of directors as well as establishing a representation target for the less well-represented gender and preparing guidelines on how to reach this target.

The responsibilities of this Committee include, among others, submitting proposals and reporting to the Board of Directors on the compensation policy for Directors and Senior Management and its application, including the share-based compensation systems, on the standard terms of the contracts of Senior Management.

The responsibilities of this Committee include, among others, being familiar with and shaping the Group's policies, objectives, and guidelines on environmental, safety, and social responsibility matters, analyzing and reporting to the Board of Directors on the expectations of the Company’s various stakeholders, and supervising the relations with them. Moreover, it proposes to the Board of Directors the approval of a Sustainability Policy and reviews and evaluates the management and control systems for non-financial risks.