Board of Directors

Within the bounds of its terms of reference, and without limitation implied, the Board shall:

• determine the strategic policy directions of the Company and the Group after receiving the opinion of the Strategy and Investments Committee;
• appoint the corporate officers responsible for managing the Company’s affairs in pursuance of that strategy, and shall set their remuneration based on the proposal of the Nominating and Compensation Committee;
• at any time of the year, conduct the checks and inspections it thinks fit and require disclosure of the documents it considers useful to the fulfillment of its mission;
• determine the End-of-Life-Cycle Obligations policy directions of the Company after receiving the opinion of the End-of-Life-Cycle Obligations Monitoring Committee;
• be regularly informed by the Audit and Ethics Committee of the Company’s financial situation, cash position and commitments;
• draw up the annual financial statements and the annual management report;
• draw up the Company’s annual budget and multi-year plan.

Board of Directors