President, which has the casting vote;

Vice-chairman, who replaces the president in his absence;

A representative of IAPMEI, I.P.;

A representative of the management company.

Evaluate and select eligible projects for funding by taking in consideration the economic value of the transaction, the overall funded status of the company and the extent of the contribution of the relevant transaction to comply with the objectives of FACCE;

Implement and, if necessary, define any new selection, exclusion or prioritizing criteria for project analysis;

Approve the credit facilities to be granted in each case, as well as the general conditions to be observed while contracting, with all counterparties including the financed company and the financial institutions engaged;

Adopt, by its own initiative or per proposal from the management company, the regulations necessary for the normal activity of FACCE;

Approve, per proposal from the management company, financial plans and annual budgets and accounts and reports;

Decide on any changes to the conditions for credit granting pending the loans previously contracted, as well as exercise of any rights that may have the effect of anticipation of its term or unilateral change in their conditions;

Appoint the auditor;

Approve the application of results.

President

Designated by Order of the member of the Government
responsible for the Economy

Vice-President

Designated by Order of the member of the Government
responsible for the Economy

Members

Representative of IAPMEI
Representative of the Management Company

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