Board of Directors It is responsible for monitoring: the Company’s compliance with the law and bylaws, as well as compliance with proper management principles in the carrying out of the Company’s activities; the process of financial disclosure and the adequacy of the Company’s organizational structure, internal auditing system, and administration and accounting system; the audit of the stand-alone and the consolidated financial statements and the independence of the external auditing firm; and, lastly, how the corporate governance rules provided by the Corporate Governance Code are actually implemented.