The Audit Committee oversees and ensures our compliance with all applicable financial reporting, tax and regulatory requirements and develops and implements our financial controls and their periodic reviews as well as our risk management policies and procedures. In connection with its duties, the Audit Committee is required to produce an annual report describing the systems, policies and controls for which it is responsible, highlighting any deficiencies and proposing any necessary remedial action.

The Compensation Committee approves the Company’s personnel policy. It particularly determines the compensation of the independent members of the board of directors and of the management team. It also approves the general guidelines on compensation strategy for all people -including salaries, bonuses and other incentive payments and benefits- which allows us to remain competitive in the market and to attract and retain highly qualified personnel.

The Capital Commitment Committee oversees our portfolio of assets and approves the purchase or sale of farm and farm-related assets. All approvals are subject to the completion of final due diligence and must specify all material terms of such purchases, sales and investments.

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