SECTION 378

May not be a company auditor: 1)the founders, members, beneficiaries of special benefits, company managementor of its subsidiaries, as well as their spouse (s); 2)parents and descendants up to the fourth generation included, individuals referred to in point 1°) of this article; 3)company management holding one-tenth of the company statedcapital or whose company holds one-tenth of the capital, as well as their spouse (s); 4) individuals who, directly or indirectly, or through an intermediary, receive, either frompersonsreferred to in point 1°) of this article, or any company referred to in point 3°) of this article, a salary or compensation due to a permanent activity other than that of an auditor; the same applies tothe spouses of those individuals; 5)auditor’s firmsifone of the members, shareholders or company managementfalls under one of the situations referred to in points 1°) to 4°) of this article; 6) auditor’s firmsif one of either the company management, orthe memberor the shareholder performing the duties of the auditor, has his spouse who falls under one of the categories referred to in point 5°) this article. Term of office of the auditor