At YPF, the basic pillars of the corporate governance system are integrity, transparency, responsibility, security,
sustainability, human rights, gender equity and diversity, the participation of its shareholders, the proper
functioning of the Board of Directors and the independence of the external auditor.
They are mainly established, in the Corporate Bylaws, the Regulations of the Board of Directors, the Regulations of
the Transparency Committee and the YPF Code of Ethics and Conduct and its Internal Regulations for Conduct in the
capital markets.
Corporate governance practices are also regulated by the General Corporations Law No. 19,550, the Capital Markets
Law No. 26,831, the Regulations of the Argentine Securities and Exchange Commission and the United States Securities
and Exchange Commission.
YPF ensures the enforcement of the best local and international practices in this matter, even above the standards
established under the regulations that are applicable to it.
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