Board of Statutory Auditors

The Board of Statutory Auditors oversees the compliance with applicable law and with the Company’s By-laws, as well as observance of the principles of proper management and assesses the adequacy of the internal controls and accounting reporting systems.

The Board of Statutory Auditors comprises three Standing Auditors and two Alternate Auditors. Members of the Board of Statutory Auditors are appointed for a three-year term and may be re-elected.

Members of the Board of Statutory Auditors in office at present were appointed on 24 October 2019 and will remain in office until approval by the Shareholders’ Meeting of the financial statements for the year ended December 31, 2020.

Composition