Cefla has adopted a system based on the vigilance and control operated by the board of directors, which is responsible for management, and at the same time, through specific committees empowered with proposing and advisory functions, the verification of the existence of the controls necessary in order to monitor the progress of the company.
The board of directors, formed from seven members, is elected by the assembly.
It meets on average once a week and it must include at least one representative for every business unit. Once elected, the directors nominate the Chairman of the cooperative from their ranks.
The board of directors is the body invested with the widest powers of ordinary and extraordinary administration which is responsible for the direction of management of the business by defining the delegation model, and the examination and the approval of the strategic, industrial and financial plans elaborated by the delegated bodies, of the corporate, capital and financial structure of the group.
The members of the board hold office for three years and are re-electable.