The Company established within the framework of its Board of Directors the following committees:
As a Company subject to Concentrated Ownership, Edison is not required to follow the recommendation to establish an Appointments Committee, the functions of which as established by the Code have been retained by the Board of Directors.
There are no Committees that have fewer than three members and the work of each of them is coordinated by a President.
The tasks and rules of operation of each committee are defined in a resolution approved by the Board of Directors and were amended and integrated over time, also by means of a resolution approved by the Board of Directors, usually after an initial review by the affected committee. The rules for the operation of the Compensation Committee and the Control and Risk Committee were most recently revised during the approval of the Guidelines on Operation in order to make them consistent and to adapt them, where necessary, to the indications of the Code.
All committees are formed with the intervention of the majority of its members and adopt resolution with absolute majority of its members attended, with the exception of the Related-Party transaction Committee adopts resolution by a majority of its components.
Each committee can hold meetings through audio/video-conferencing and relies on the support of the appropriate corporate department. A Secretary of the committee must draw up minutes of each committee meeting. Each committee must provide regular reports to the Board of Directors on the work performed at the earliest available Board meeting.
In the performance of its functions, each committee can access the information and Company organizations it may need to discharge its duties. Even though the Board of Directors did not approve a specific budget, the Committee is provided on an ongoing basis with the financial resources it needs to perform the tasks assigned to it. The documents supporting the activities of each committee are normally sent at least two days in advance.
