ERSAR statutes comprise an Advisory Board and a Statutory Auditor.
Advisory Board
The responsabilities of the Advisory Board include:
- Appraisal and advisory of some ERSAR competences and tasks;
- Appraisal and advisory of issues submitted by the Board of Directors;
- Assist the production of the annual activity plan and the annual activity report.
Tariff Council
The responsabilities of theTariff Council include:
- Advisory to ERSAR competences regarding tariffs and prices;
- Appraisal and advisory on the tariff regulations;
- Issue an opinion on the activities report regarding the economic regulation cycle.
Statutory Auditor
The Statutory Auditor must:
- Follow and control the financial management of ERSAR;
- Assess and advise the Board of Directors regarding the budget, the annual activity report and the annual financial report;
- Supervise accounting and the following of all rules that concern budgeting, accounting and treasury and notify the Board of Directors of any incompliance;
- Issue opinions (requested by the Board of Directors) on matters of its competence.