AUDIT COMMITTEE

The Audit Committee is responsible for the Audit functions and consists exclusively of Independent Directors. It is responsible for selecting and supervising the external auditor, supervising the preparation of our financial statements and the report on operations and activities required by the Securities Market Law, evaluating the adequacy of internal controls, informing the Board of any irregularities that it may encounter, and overseeing the execution of shareholders’ and directors’ resolutions by the chief executive officer, among others.