During the first quarter of 2024, the Boards of Directors of Aciturri Aeronáutica, S.L.U. and Alestis Aerospace, S.L. have coexisted independently, until their adaptation to the new structure, after completing the acquisition of 100% of Alestis Aerospace. At that time, the company was governed by a Sole Director, while the Board of Directors of Aciturri Aeronáutica, S.L.U. remained exclusively the Board of Directors.

In any case, the Board of Directors is, in accordance with the provisions of the Law and the Company's Bylaws, the highest administrative and representative body of each company. It is basically configured as a supervisory and control body. However, the Board Regulations establish the Board's competence to resolve on certain matters, such as the approval of the annual budget, management objectives, and the determination of the organization's general policies and strategies, which expressly include the corporate governance system/policy.

The directors have declared that they do not engage in activities on their own behalf or on behalf of others that involve effective competition, whether actual or potential, with the company or that, in any other way, place them in a permanent conflict with the interests of the company. However, certain directors have exempted specific activities with companies in the group¹ from this declaration. This exemption applies to activities with companies in which some directors hold or have held the position of director, such as in the case of Alestis. It also applies to activities for which the beneficiary is a person related to the director. The General Shareholders' Meeting of Aciturri and Alestis both granted these directors a waiver under Article 230.3 of the LSC, on the understanding that no damage to the organization could be expected and that this is a purely positional competence.