124
CORPORATE GOVERNANCE REPORT
II.1.3.
The General and Audit Committe, in addition
to its supervisory duties supervision, shall take
full responsability at corporate governance level,
whereby through the statutory provision or by
equivalent means, shall enshrine the requirement for
this body to decide on the strategy and major policies
of the company, the definition of the corporate
tructure of the group and the decisions that shall
be considered stategic due to the amount of risck
involved. This body shall also assess compliance with
the strategic plan and the implementation of key
policies of the company.
NA
The corporate governance
model adopted does not
include a General
Supervisory Board.
II.1.4.
Except for small-sized companies, the Board
of Directors and General and Audit committee,
depending on the model adopted, shall create the
necessary committees in order to:
a) Ensure a competent and independent assessment
of the perfomance of the executive directorsand
its own overall performance, as well as of others
commitees;
b) Reflect on the system structure and governance
practices adopted, verify its efficiency and
propose to the competent bodies, measures to be
implemented with a view to their improvement.
NA
There are no specialised
committees of the
Board of Directors.
Part I
Number 25 of Annex I
of this Corporate
Governance Report
II.1.5.
The Board of Directors or the General and
Audit committeed, depending on the applicable
model, should set goals in terms of risk-taking and
create systems for their control to ensure that the
risks effectively incurred are consistent with those
goals.
Adopted
Part I
Numbers 24 and 50
of Annex I of this
Corporate Governance
Report
II.1.6.
The Board of Directors shall include a number
of non-executive members ensuring effective
monitoring, supervision and assessment of the
activity of the remaining members of the board.
Adopted
Parte I
Numbers 17 and 18 of
Annex I of this Corporate
Governance Report
