The administration of IRANI is exercised by the Board of Directors, which has deliberative functions, and by the Management, with executive and representative functions, the Chairman of the Board of Directors does not hold the position of Chief Executive Officer of the Company.
The Board of Directors shall meet monthly, providing attention to strategic issues of the Company such as: business risks, market relations, corporate policies, investments and monitoring the results reflected in the Financial Statements Report. All powers of the Board of Directors are in Article 12 of the Bylaws of the Company. Among them, the inspection of the management is highlighted, allowing the Board to examine, at any time, Company books and papers, requesting information on contracts and any other acts. The Board mandate is for two years and the Director may be reelected.
The Board shall meet, ordinarily in person every month, and by videoconference, whenever necessary, and their competence to practice all acts necessary for the regular operation of the Company, other than the competence of the General Assembly or Board of Directors, in accordance with the powers contained in Article 14 of the Bylaws of the Company. The term of for the directors is two years, reelection is permitted.
Last Update: June 07, 2019