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Board Committees

The Board of Directors has established three committees: the Audit Committee, the Investment Committee and the Remuneration Committee. Each committee has been established pursuant to a resolution of the Board of Directors and has adopted a charter setting forth its scope and responsibilities. The committees act as standing consultancy and advisory bodies to the Board of Directors and do not assume ultimate decision-making power or management functions.

The Audit Committee

The Audit Committee's activity is focused on monitoring the integrity, completeness and accuracy of Nebras Power's financial statements, reviewing the reliability and effectiveness of the internal control and risk management systems, and safeguarding the independence of the external auditors. The Audit Committee also advises the Board of Directors regarding compliance with law, regulations, and internal policies. The members of the Audit Committee are appointed by the Board of Directors and the duration of their office is three years. The charter of the Audit Committee sets out professional and experience requirements applicable to the Audit Committee members.

The Investment Committee

The Investment Committee's primary responsibility is to assist the Board of Directors in setting Nebras Power's investment strategy and policy, analysis of market studies and reports, and reviewing investment proposals. Investment Committee members are appointed by the Board of Directors and serve a three-year term.

The Remuneration Committee

The Remuneration Committee's main activity is to ensure that the overall remuneration structure applicable to Nebras Power's personnel is transparent, aligned with the Company's strategic goals, consistent with a "performance-based" culture and aimed at maintaining Nebras Power's competitive position in the labor market, including in terms of its ability to attract and retain talent.