Governance structure

The governance and administration of the Company are entrusted to the General Shareholders’ Meeting and the Board of Directors.

The General Shareholders’ Meeting is governed by the Corporate Bylaws and the Regulations of the General Shareholders’ Meeting, in accordance with the provisions of the Companies Act.

The Board of Directors, composed of 12 members with a majority of independent directors and 41.7% of women, has three standing committees established: the Audit Committee, the Appointments and Remuneration Committee and the Sustainability Committee.

The Board of Directors and its committees are governed by the provisions of the Corporate Bylaws and the Regulations of the Board of Directors, in addition to those corporate governance regulations that are applicable to the Board.

The Board of Directors, following the recommendations of the Unified Code of Good Governance and the international best practices on corporate governance, has created the position of Lead Independent Director, approved by the General Shareholders’ Meeting.