Committees



Audit

AUDIT COMMITTEE


The audit committee is headed by an independent advisor and it is in charge of reviewing and discussing the company’s financial statements and suggests their approval to the Board of Directors, follow-up policies, procedures and social status, identify risks and opportunities, suggest the assignment of global- recognized external auditors, and validate risks according to the corresponding policies, among other responsibilities. All members of this committee are independent advisors.

Practices Committee

CORPORATE PRACTICES COMMITTEE
It is in charge of reviewing and approving all salary policies and general compensations of the company; review the position’s profiles for the first two levels of the company, as well as verifying the salary market and compensations, review and approve salary and compensation packages of directors from first and second level; review and approve policies related to the use of goods owed by the company, the relevant advisors and directors, among other responsibilities. All members of this committee are independent advisors

Executive

EXECUTIVE COMMITTEE
It is in charge of attending and solving all problems that may arise in other committees; review and approve the annual budget and general business strategies; review and approve monthly results and comparisons against annual budget; review and approve annual investments higher than 500 thousand dollars; review and approve long-term agreements that involve amounts exceeded 200 thousand dollars annually or the equivalent amount in pesos, among other responsibilities.

Risks and Treasury

CREDIT, RISKS AND TREASURY COMMITTEE


It is in charge of reviewing and verifying the company’s credit portfolio behavior; prepare and present proposals for provisions and business reserves; establish the relation between credit portfolio due dates and founding, review and approve credit lines; promote and submit operative risk policies in each business area, among other responsibilities.