Committees established by the Board of Directors
In 1999, the Board of Directors established the Internal Control Committee and the Nominating and Compensation Committee. Their roles and prerequisites are constantly updated according to the evolution over time of best practices regarding corporate governance. In 2005 it established the Strategic Committee.
In view of continual revision of the corporate governance system and maximum compliance with the best practices as well as the provisions of the Corporate Governance Code, the Board of Directors resolved on July 24, 2007 to split the Nominating and Compensation Committee into the Nominating and Corporate Governance Committee and the Compensation Committee.