Duties

Determining Outlook, Goals, and Macro Holding Strategies. Review and approval of the financial, operational and institutional reform of Holding. Adoption and notification of internal holding regulations and guidelines. Examination and approval of the creation, acquisition, sale, dissolution, merger or devolution of subsidiaries. Appointment and dismissal of managing directors and members of the holding board and determination of salaries and benefits. Approval of organizational structure and regulations of employment, contracts and so on. Review and approve the program and budget of subsidiary companies. Mortgage of company property, whether movable or immovable and lifting mortgages. Lending any muniments, document, company funds or securities and their extradition. Approve annual development plans of subsidiaries. Review and approval of investment plans proposed by Holding CEO. Review and approval of the annual headquarters budget. Deciding how to fund development projects.