Our corporate by-laws contemplate the existence of an Audit Committee and a Corporate Practices Committee to help the Board of Directors in the performance of its duties. A Finance Committee had also been incorporated for the same purpose.

The Audit Committee
The Audit Committee is responsible for evaluating the company's internal controls and auditing procedures, identifying material deficiencies; following-up with corrective or preventive measures adopted on account of the non-compliance with the operation and accounting guidelines and policies; evaluating the performance of the external auditors; identifying and valuing non-audit services performed by our external auditors; reviewing our financial statements; assessing the effects of any modifications to the accounting policies approved during the fiscal year; and overseeing measures adopted as a result of observations made by our shareholders, directors, executive officers, employees or third parties with respect to accounting, internal controls and internal and external audit, as well as any complaints regarding management irregularities, including anonymous and confidential methods to address concerns raised by employees.

The Corporate Practices Committee
The Corporate Practices Committee is responsible for evaluating the hiring, removal, and compensation of our Chief Executive Officer; reviewing the hiring and compensations policies of our executive officers; reviewing related party transactions; reviewing policies regarding the use of corporate assets; reviewing unusual or material transactions; and evaluating waivers granted to the directors or executive officers regarding seizure of corporate opportunities.

The Finance Committee
The Finance Committee is responsible for evaluating the company’s financial plans; reviewing the company’s financial strategy and its implementation; and analyzing risks in connection with the company’s financial structure, interest rate and currency volatility, and refinancing.

In accordance with our corporate by-laws, all the members of the Audit and Corporate Practices Committees, including their respective president, must be independent directors.

Members of our Audit Committee, Corporate Practices Committee, and Finance Committee
Set forth below are the names of the members of our Audit Committee, Corporate Practices Committee, and Finance Committee. The duration of each member's position is indefinite, and they may only be removed by a resolution of the Board of Directors.

For more information about our Committees, please refer to our Form 20-F available in our Reports page.