The Board of Directors has established an Audit Committee. The auditor participates in relevant agenda items at meetings with the Audit Committee and meets with the committee at least once each year. In addition, and at least once a year, the Audit Committee holds a meeting with the auditors at which no member of the Company is present. The auditor annually reports the main features of the plan for the audit of the Company to the Audit Committee.

Once a year, the auditor presents a review of the Company’s internal control procedures, including identifying weaknesses and proposals for improvement. The auditor presents the view on internal control procedures through the annual management letter. 

In connection with the issue of the auditor’s report, the auditor provides the Board of Directors with a declaration of independence and objectivity, and the auditor participates in the Board meeting at which the annual accounts are approved. The proposal for approval of the remuneration of the auditor provides a breakdown of remuneration relating to statutory audit tasks and other assignments and is reported to the Ordinary General Meeting.