Appointment method

The auditors are appointed by the Shareholders' Meeting and are chosen based on lists submitted by the Shareholders, the composition of which must be compliant with the Articles of Association and must be comprised of a maximum of six candidates.

To be appointed as members of the Board of Statutory Auditors, in addition to the requirements of honourability set forth by the law, the Auditors must satisfy the following professional requirements:

  • At least one statutory and one alternate auditor must be registered in the Register of Auditors;
  • Those who are not registered in the Register of Auditors must have a specific experience in administration and control activities, must have college teaching experience in the legal, economic or financial fields and in fields compatible with the activities of the company; must have worked in upper management.
Last updated 12/21/2014