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Investor Presentaiton

Company Profile/Corporate Governance/Board of Directors and management team / Board of Directors Their main obligations are: I. Establishing the general strategies to guide the company and the individuals it controls. II. Supervising management and guidance of the company and the individuals it controls, as well as the performance of the relevant directors. III. Approving representative policies, guidelines and operations for the company; naming, electing and, in its case, removing the General Director; policies in regards to loans and collaterals; waivers for board members and/or directors to take advantage of business opportunities which correspond to the company or the individual it controls; guidelines in regards to internal control and internal auditing; accounting policies; financial statements; hiring an individual who provides the external auditing services and, in its case, additional or complementary services to the external audit. IV. Submitting reports to the General Shareholder's Meeting celebrated at the end of the social administration. V. Giving follow-up to the main risks to which the company and individuals it controls are exposed. VI. Approving the information and communication policies with the shareholders and the market, as well as the board members and relevant directors. VII. Determining the corresponding actions in order to rectify known irregularities and implement the corresponding corrective measurements. VIII. Establishing the terms and conditions to which the General Director will adjust while executing acts of ownership. IX. Ordering the General Director to openly reveal the important events he has knowledge about. 29
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