Our bylaws provide that the oversight of Pampa will be in charge of a Supervisory Committee, consisting of three regular members and three alternate members appointed by our shareholders under the legal provisions in force. The Supervisory Committee will be composed of duly registered lawyers and/or accountants admitted to practice in Argentina, who will serve for a term of three fiscal years.
The Supervisory Committee’s primary function is to exercise statutory control over the Board, complying with the provisions outlined in the Argentine Business Organizations Law No. 19,550, the Bylaws, their regulations, if any, and the Shareholders’ Meeting decisions. In performing these duties, the Supervisory Committee neither monitors our operations nor assesses the merits of the Board’s members’ decisions.
Currently, Pampa’s Supervisory Committee is composed as follows:
Jose Daniel Abelovich, born on July 20, 1956, he has been a member of Pampa Energía’s Supervisory Committee since June 2006. Mr. Abelovich is a founding partner of Abelovich, Polano & Asociados/SC Internacional, an auditing firm, and managing partner of Real Estate Investments S.R.L. Previously, he served as manager of Coopers & Lybrand and as senior consultant to the World Bank in Argentina. Mr. Abelovich holds a certified public accounting degree from the Buenos Aires University.
