The Board of Directors delegates to its Chairman and the General Managing Director the powers of representation, powers relating to the purchase or sale, powers relating to personnel, to charges, payments, contracts, auctions and transactions, to checking accounts, credit or savings, to bills of exchange and promissory notes, securities, guarantees, and supplementary powers to the previous. [...] Actions are still being carried out to guarantee the participation of the directors, facilitating their dedication and attendance to the meetings, to provide them with tools to give more in-depth knowledge of specific aspects of the activity and specific environments of the different production centres, thus improving the monitoring of the strategy of the Group and of each of its companies. [...] In this regard, in 2019, the Board of Directors drew up and implemented a programme to update the knowledge of the directors, a programme that continued in 2020, 2021 and 2022, and is expected to do so in subsequent years. [...] In addition, the annual plan includes visits to some of the Group's production centres and the participation of top management to enable enhanced monitoring of the implementation of the Group's strategy and of the management of each of its companies. [...] Throughout 2022, the Board met 11 times, the Chairman attended 100% of the meetings, there was 99.2% attendance in person over the total number of votes during the year, and 100% attendance including proxies made with specific voting instructions. [...] In addition, during the 2022 financial year, the Lead Independent Director, as part of his duties set out in the Regulations of the Board of Directors, held four meetings with non-executive directors to voice their concerns, and was also available for dialogue with investors and shareholders who so requested. [...] The Board of Directors carries out an annual evaluation of the quality and efficiency of the operation, diversity, and competencies of the Board itself and of the Committees, which is promoted by the Appointments, Remuneration and Sustainability Committee, and coordinated by the Lead Director in the case of the evaluation of the Executive Chairman. [...] Every three years, the Board of Directors is assisted by an external consultant in this evaluation process, whose independence is verified by the Appointments, Remuneration and Sustainability Committee. In 2022, three years after the last external consultancy, Korn Ferry has been consulted to facilitate this evaluation. [...] The performance evaluation is carried out based a questionnaire and personal interviews, the purpose of which is to obtain each director's particular view of the strengths and weaknesses, as well as any other suggestions they may have for improving the efficiency of the Board and its committees. The result was analysed by the Appointments, Remuneration and Sustainability Committee of which the Lead Independent Director is a member, by the Audit Committee itself with regard to its own assessment, and the conclusions were presented to the Board of Directors, where the process was concluded and a plan of action approved to include the appropriate improvements. [...] The conclusions of the evaluation process were presented by the external consultant to the Board of Directors at the January 2023 meeting and, as a result, at the proposal of the Appointments, Remuneration and Sustainability Committee, the Board approved an Action Plan for the 2023 financial year to incorporate the identified improvement opportunities. These include the joint monitoring by both Commissions of the progress of the regulatory framework and trends in the field of Sustainability and continuing to promote the strategy with visits to subsidiaries and focused sessions.