Committees

In order to support the Board of Directors on specific matters and ensure more consistent and responsible decisions for the Group, the committees below act directly submitted to senior leadership, with an advisory character:

Sustainability Committee

It is a non-decision making committee, aiming at advising the Board of Directors on complying with its legal duties concerning the Company’s business sustainability. The Committee will report its activities to the Company’s Board of Directors through its Coordinator.

Ethics Committee

Without prejudice to other competencies granted by the Board of Directors in specific minutes or requests made by the Audit Committee, the Ethics Committee will be responsible for advising the Audit Committee, the Executive Board and those in charge of the Internal Controls, Risks and Compliance functions, pursuant to its internal regulations.

Financial Committee

It is a non-decision making committee, aiming at analyzing the financial operations, recommending actions to improve financial management and monitoring the implementation of these measures, reporting the results to the Board of Directors based on the dates set by it. The committee reports its activities to the Board of Directors through its Coordinator.

Technology and Innovation Committee

Without prejudice to other competencies granted by the Board of Directors in specific minutes, the Technology and Innovation Committee will be in charge of advising the Board of Directors and the Executive Board.

Audit Committee

The Company has a non-statutory Audit Committee linked to the Board of Directors. The Committee aims to advise the Board of Directors on the supervision of quality and integrity of the financial reports, the compliance with legal, statutory and regulatory rules, the adequacy of the processes related to risk management and the independent auditors’ activities, being regulated by its Internal Regulations, the Board of Directors’ decisions and the applicable legislation. The committee reports its activities to the Board of Directors through its Coordinator.