Corporate
Governance

The Executive Board is the Company's representative body, responsible for carrying out all acts related to the management of corporate business. The Executive Officers are elected by the Board of Directors, and the Company's Bylaws define the individual responsibilities of each Officer and provide for the Board's operation as a collegiate body.

The Fiscal Council is a non-permanent body established by shareholder resolution at the General Shareholders' Meeting. Its members are elected by the General Shareholders' Meeting. The Fiscal Council is responsible for overseeing the actions of management, examining the Company's financial statements, and providing opinions on proposals from management bodies to be submitted to the General Shareholders' Meeting, among other duties provided by law.

Internal Audit is a body reporting directly to the Audit Committee, responsible for monitoring, evaluating, and making recommendations to improve the quality and effectiveness of risk management policies and procedures, as well as the internal controls used, performing its duties independently and autonomously.

The Internal Risk Committee is an advisory body linked to the Executive Board. The Committee is responsible for monitoring, planning, and assessing the risks inherent to the Company's activities, evaluating and providing opinions on risk management, compliance, and internal control policies, and analyzing requests for the accreditation, suspension, and de-accreditation of participants.

The Self-Regulation Council is the body responsible for overseeing the activities of the Self-Regulation Department and serves as the highest decision-making authority within the Company's self-regulation structure regarding administrative sanctioning proceedings and proceedings for the Loss Compensation Mechanism. The Self-Regulation Council is composed of at least 2/3 independent members.