The corporate and governance structure of the Company and of the Group, which form an essential part	of	the	Company’s	Corporate	Governance	System,	is	defined	on	the	grounds	described	below,	 which	duly	differentiate	between	the	duties	of	day-to-day	administration	and	effective	management,	 on the one hand, and those of supervision and control, on the other: a) Vesting in the Company’s Board of Directors of powers regarding approval of the strategic goals of	the	Group	and	the	definition	of	its	organisational	model,	as	well	as	supervision	of	compliance	 therewith and development thereof. b)		Assumption	by	the	chairman	of	the	Board	of	Directors	&	chief	executive	officer,	with	the	technical	 support of the Operating Committee, by the Business CEO appointed by the Board of Directors, with overall responsibility for all the businesses of the Group, and by the rest of the management team of the duty of organisation and strategic coordination within the Group.