The Board of Directors plays a central role in the Company's governance structure. Management of the Company is the exclusive responsibility of the Directors, who shall carry out the actions necessary to achieve the corporate purpose.

The current Board of Directors was appointed by the Shareholders' Meeting of April 28, 2017 for a term of three financial years, expiring on the date that will be called to approve the financial statements at 31 December 2019.

The Board's mandate will therefore expire with the Shareholders' Meeting to be convened for the approval of the financial statements for the year ending December 31, 2019.