ANNUAL REPORT 2016
II.2.4
The Audit Committee shall evaluate the
functioning of the internal control systems and risk
management and propose adjustments as may be
deemed necessary.
Adopted
Part I
Numbers 38, 49,
50, 54 and 55 of
this
Corporate
Governance Re-
port.
II.2.5
The Audit Committee, the General and the
Supervisory Board and the Audit Committee decide on
the work plans and resources concerning the internal
audit services and services that ensure compliance
with the rules applicable to the company (compliance
services), and should be recipients of reports made by
these services at least when it concerns matters related
to accountability, identification or resolution of conflicts
of interests and detection of potential illegalities.
Adopted
Part I
Numbers 38, 49,
50, 54 and 55.
of this Corporate
Governance Re-
port.
II.3 REMUNERATION SETTINGS
II.3.1
All members of Remuneration Committee or
equivalent should be independent from the executive
board members and include at least one member with
knowledge and experience in matters of remuneration
policy.
Adopted
Part I
Numbers 67. and
68. of this Corpo-
rate Governance
Report.
II.3.2
Any natural or legal person that provides or as
provided services in the past three years, to any structure
under the board of directors, the board of directors of
the company itself or who as a current relationship with
the company or consultant of the company, shall not
be hired to assist the Remuneration Committee in the
performance of their duties. This recommendation also
applies to any natural or legal person that is related
by employment contract or provision of services with
the above.
Adopted
Part I
Number 67. of this
Corporate Govern-
ance Report.
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