Surveillance Committee

The Surveillance Committee that has its origin from Law N° 18.876 of December 1989, “Incorporation and Operation of Private Entities for the Deposit and Custody of Securities”, which Article 32 provides, among other matters, that the General Assembly of Participants’ is responsible of “appointing a Surveillance Committee that will be comprised of 5 participant representatives. In turn, this Committee may recruit professionals for the execution of the inspection activities and verification of the Company’s performance and operations, having to render detailed account of these recruitments and the amount of their remuneration to the Annual Participants’ Assembly.”

Powers

The following are some of the supervising powers granted to the Surveillance Committee by the referred Law: Verify that the custody, clearing, settlement and transfer operations are completed thoroughly and on time.  Perform quarterly company audits and verify the exactness and reconciliation of participants’ accounts. Verify that the information available is sufficient, true and expedient. Check the quality of the installations and security systems, as well as the quality and amount of the guarantees and insurance in force.

Corporate Governance

Board of Directors

Board Committees

Management

Surveillance Committee

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