Corporate Governance Report
36. Availability of each member with description of positions hels
in other companies inside and outside the Group and other relevant
activities carried out
All the members of the Audit Committee consistently demonstrated their availability to perform
their functions, having attended all the meetings and taken part in the work.
For point 33 above we refer to the information on other posts held in other companies by
the active members of the Audit Committee in
Annex 2
to this report.
c) Competences and functions
37. Description of the procedures and criteria for intervention by
the Fiscal Board for the purpose of hiring additional services to the
Statutory Auditor
The Audit Committee annually assesses the work of the external auditor and states its con-
clusions in its Report and Opinion, issued in the terms and for the purposes of art. 420.1.g)
of the Companies Code.
The Audit Committee analyzes and approves the scope of any additional services provided,
considering whether they call the independence of the external auditor into question. It also
ensures that any consulting services provided have the necessary level of quality, autonomy
and independence relative to the services provided within the scope of the audit process.
38. Other functions
The Audit Committee, in coordination with the Statutory Auditor, is responsible for the au-
diting of the Company, namely:
- examine the appropriateness of the accounting policies;
- examine continuously the effectiveness of the risk management system and internal control
system;
- examine continuously the process of preparation and disclosure of financial information;
- examine the auditing of the accounts;
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