Article 349 — Report to General Meetings

1/ The Auditors shall submit to the general meeting their written comments on the report of the board of directors submitted to the meeting; Such report by the Auditors shall also show the manner in which they have carried out their duties. 2/ The Auditors shall recommend to the general meeting either to approve or reject the accounts submitted by the directors. 3/ The auditors shall comment on the proposal for distribution of profits submitted by the directors. 4/ The general meeting shall not consider the balance sheet in the absence of a report under Sub-Article 1 of this Article.