In accordance with Swiss law, the Articles of Incorporation and the Board Regulations, the duties of the Board of Directors include: the overall management of the Company, defining the organization, overseeing risk control, the ultimate supervision of the persons entrusted with managing the company, in particular with regard to compliance with the law, organizing the accounting, financial control and financial planning systems, notification of the court in case of insolvency, verification of the qualifications of the auditors and overseeing the management and maintenance of Firmenich’s Fundamentals.