692019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT

MANAGEMENT BODIES

Its duties include overseeing and coordi- nating the business units and corporate functions; analysing and proposing objec- tives, the strategic plan and the annual

budget; and approving the policies and initiatives of the various units and depart- ments.

This is the internal executive coordination and advisory body. Its primary functions include signing off major investment pro-

jects prior to them being submitted to the Board of Directors for approval.

MANAGEMENT COMMITTEE

INVESTMENT COMMITTEE

In relation to the executive positions or those with responsibility in economic, environmental and social issues, our company is organised around various Business Units and Functional Areas. The responsibilities in economic matters correspond to the General Economic and Financial Department; those involving environmental matters to the specific areas that report to the General Director of Operations and those related to social

aspects to the Communication and Insti- tutional Relations Department and the General Secretariat, among others. The heads of these Departments are mem- bers of the Management Committee, chaired by the Chief Executive Officer, which reports directly to the Board of Di- rectors on the most important issues re- lating to these economic, environmental and social matters.