Both the Chairman of the Board and

Both the Chairman of the Board and the Chairman of the Executive Committee must be competent and have the appropriate experience and qualifications for their positions. In order to maintain a balance between the supervisory and management functions of the Company, one person cannot hold both these positions simultaneously.

The Chairman of the Board is a non-executive director, the leader of the Board, and has duties as the chairman of both Board and shareholders’ meetings. The Chairman of the Executive Committee shall be the head and leader of the Company’s executives and be responsible to the Board for managing the Company in order to achieve all planned objectives.