In terms of organizational structure, Itaú BBA International has adopted the management and auditing model specified in paragraph a) of no. 1 (“a”) c/c no. 3 of art. 278 of the CSC, organized on the basis of a Board of Directors, Statutory Audit Committee and Official Auditor (ROC), the latter responsible for issuing the legal certification of accounts.

The members of the Board of Directors, Statutory Audit Committee and the Official Auditor (ROC), are elected and dismissed by the General Meeting - the company’s sovereign governing body.

The Board of Directors has broad management and representation powers, and is responsible for carrying out all operations included within Itaú BBA International’s corporate purpose, defining its strategic orientation and supervising the activity of the Executive Committee, to which the company’s day-to-day management is delegated.

In the framework of the delegation of powers made by the Board of Directors, the Executive Committee has nominated Specialized Committees that are responsible for specific matters (e. g. Credit Committee, Financial Risks Management Committee, Compliance Committee, Economic Control Committee, Sectorial Audit Committee etc.) that form support structures enabling the Executive Committee to perform its attributions more effectively.