AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

ACTIVITY REPORT OF THE AUDIT AND
CONTROL COMMITTEE DURING THE 2011
FINANCIAL YEAR
3. Activities undertaken by the Audit and Control Committee during the 2011
financial year.
During the 2011 financial year, the Audit and Control Committee met on 8 occasions,
exceeding the minimum number of meetings to be convened anticipated by the Regulations
governing the Board of Directors, in order to carry out the functions entrusted to it by the Board
of Directors, and for which the necessary information and documentation has been provided.
Likewise, other additional issues have been addressed which have been deemed suitable for
the performance of their functions, and in the interests of the Company.
The following is a summary of the work carried out by the Committee in the development of the
aforementioned functions, grouping the activities regarding the competences conferred on the
Committee:
3.1 General Meeting of Shareholders
The Audit and Control Committee has, among its many responsibilities, the responsibility to
report on issues raised by the shareholders regarding their competence to the Annual General
Meeting.
The Activities Report of the Audit and Control Committee of Amper corresponding with the 2010
financial year was made available to the shareholders in the exercise of the call for the General
Meeting of Shareholders held on 29 June 2011. The Chairman of the Audit and Control
Committee attended the General Meeting of Shareholders held on 29 June 29 2011. The
shareholders did not raise any issue regarding matters within its competence.
Also, for the next Annual General Meeting, scheduled to be held on 27 June 2012, this activities
report of the Audit and Control Committee of Amper corresponding to the 2011 financial year
shall be included in the Annual Report of Amper and shall be made available to the
shareholders at the moment the General Meeting of Shareholders is convened.
3.2 External Audit
The Audit and Control Committee, at its meeting held on 19 May 2011, agreed to propose to the
Board of Directors the appointment of KPMG as the external auditor of Amper, S.A. and of its
consolidated group for the 2011, 2012 and 2013 financial years after assessing all the economic
and qualitative aspects presented in its proposal.
The General Meeting of Shareholders held on 29 June 2011 approved the appointment of
KPMG Auditores, S.L. as the accounts auditors of Amper, S.A. and of its consolidated group of
companies for a period of three years.
The Audit Committee held five meetings with the external auditors during the 2011 financial
year in which they were informed of the audit process of the Annual Accounts Audit for the
financial year, as well as issues and considerations relating thereto.
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23 March 2011