Degree of Compliance with Corporate Governance Recommendations

Corporate governance responsibility

In accordance with the Board of Directors Regulations, the Secretary of the Board is responsible, among other things, for verifying the Company's compliance with the corporate governance regulations and making proposals for their improvement and, specifically, for issuing its prior report on privileges and other authorizations that the Board of Directors may grant on the subject of Directors' duties, besides reporting on Company transactions carried out with shareholders, directors and senior management which, according to the Regulations, require approval.

On the other hand, the Board of Directors Regulations confer on the Secretary of the Board, among other functions, responsibility for verifying compliance with the regulations on corporate governance and their interpretation, besides considering the recommendations made on this matter which the Company decides to adopt, and to analyse those that arise at any time for their possible inclusion in the Company's internal regulations.