In principle the Board of Directors holds five ordinary meetings a year (January, February/March, May, August and November). In January, the Board reviews the Group’s estimated sales and earnings for the previous financial year, and the strategic priorities, business plans and the financing policy for the business segments and the Group, are presented to it for approval; in February/March, it closes the financial statements for the previous financial year; in May, it closes the first-quarter financial statements; in August, it closes the first-half financial statements; in November, it closes the nine-month financial statements.
Other Board meetings are held as the Group’s business requires.
The Rules of Procedure outline the duties and responsibilities of the Board of Directors.
(*) Independent director
|Chairman of the Board of Directors|
|Director and Deputy CEO|
(Updated: March 2014)