In 2025, Aciturri Aeronáutica was managed by a Board of Directors, while its subsidiaries were managed by a Sole Director.
According to the provisions of the Law and the Articles of Association, the Board of Directors is the company's highest management and representative body. The Board is configured as a supervisory and control body and is responsible for managing and representing the Company.
The Board Regulations outline the Board of Directors' powers regarding certain matters, such as approving the annual budget, setting management objectives, and determining the organization’s general policies and strategies, including its corporate governance policy.
Until September 30, 2025, the directors declared that they did not carry out any activities, either on their own behalf or on behalf of third parties, that involved effective competition, whether actual or potential, with the Company. They also declared that they did not engage in any other way that placed them in a permanent conflict with the Company's interests. However, some directors excluded certain activities with group1 companies from this declaration. This exclusion was because some directors also held the position of director in those companies, or because the beneficiary of the acts is a person related to the director. The General Meeting of Aciturri granted these directors a waiver in accordance with Article.
According to Article 230.3 of the Spanish Companies Act, the organization should not expect any harm, and the competition should be viewed as merely positional. Moving forward, this issue will be addressed again at the meetings of the governing bodies.
1. Some Aciturri directors, along with Alestis (although by 2025, this company no longer had a board), and, where applicable, Caetano.
