Committees The Company established within the framework of its Board of Directors the following committees: Control and Risk Committee Compensation Committee Related-Party transaction committee Subsequent to the changes that occurred in the Code, the Board of Directors reaffirmed the choice it made in previous reporting years that the establishment of a Nominating Committee was not appropriate in view of the jurisdictional authority attributed to this Committee by the Code and the current highly concentrated stock ownership structure. 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. All committees 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.