The Internal Control Committee assists the Board of Directors with the following activities:

• periodic review of the internal control system,
• assessment the internal control system effective functioning,
• ensuring that the main company risks are adequately identified and managed,
• assessment of the work program drawn up by the internal control staff,
• evaluating whether the accounting policies applied are adequate and consistent for the purposes of the consolidated financial statements,
• checking the independent auditors' proposals for the auditing of the financial statements,
• checking of independent auditors' work program and of the findings set out in their reports,
• other duties assigned by the Board

The Internal Control Committee reports to the Board of Directors at least once every six months.

The Head of the Internal Control Committee is appointed by the Board of Directors on the recommendation of the CEO.