The Board's work
The Board oversees the work of the President and is responsible for ensuring that the organisation, management and guidelines for managing the Company's funds are appropriate. The Board of Directors is also responsible for ensuring that the Company is organised in such a way that its internal control is appropriate and effective. The Board of Directors is also responsible for developing and following up the Company's strategies through planning, establishing targets and taking decisions on the acquisition and disposal of operations, major investments, appointments and compensation to the management team as well as day-to-day follow-ups during the year. The Board approves the budget and annual accounts.