Board Committees 2017-05-07T14:49:53+00:00

Board Committees

Audit and Risk Committee:

A committee called the Audit and Risk Committee shall be formed by a decision of the Ordinary General Assembly, other than the Executive Directors, who are not members of the Board of Directors. The Committee shall not be less than three (3) members, including a specialist in financial and accounting matters. Of knowledge in risk management and finance.
The Committee shall elect its President by a majority vote of its members unless the General Assembly appoints a President.
The committee shall have a list that clarifies its purposes, responsibilities, composition, membership, qualifications of the members, the manner of their selection and exemption, the course of their work, the manner of managing their meetings, the presentation of their reports and the minutes of their meetings to the Board.

Nomination, Remuneration and Governance Committee:

The Board of Directors shall be composed of three (3) members, including a legal and administrative officer, who shall include at least one independent member of the Board of Directors, whether from the shareholders or others, a committee called the Nomination, Remuneration and Governance Committee.
The Committee shall elect its President by a majority vote of its members unless the Council appoints a Chairman.
The Committee shall have a list indicating its purposes, responsibilities, composition, membership, qualifications of the members, the manner of their selection and exemption, the course of their work, the manner of managing their meetings, the presentation of their reports and the minutes of their meetings to the Council.

Executive committee:

The Executive Committee shall be composed of three (3) members of the Board of Directors at a minimum, whose Chairman shall be appointed by the Council.
The Executive Chairman shall participate ex officio in the meetings of the Committee in the event that he is not represented in the Committee as a member of the Board of Directors. He shall be a member of the Committee in both cases.
The Committee shall have a list indicating its purposes, responsibilities, composition, membership, qualifications of the members, the manner of their selection and exemption, the course of their work, the manner of managing their meetings, and the presentation of their reports and minutes of their meetings to the Board.