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Committees

Our corporate by-laws contemplate the existence of an Audit Committee and a Corporate Practices Committee to help the Board of Directors in the performance of its duties. A Finance Committee has also been incorporated for the same purpose.


In accordance with our corporate by-laws, all members of the Audit and Corporate Practices Committees, including their respective president, must be independent directors.

The duration of each member's position is indefinite, and they may only be removed by a resolution of the Board of Directors.

Audit Committee

The Audit Committee is responsible for evaluating our internal controls and procedures, and identifying deficiencies; following up with corrective and preventive measures in response to any non-compliance with our operation and accounting guidelines and policies; evaluating the performance of our external auditors; describing and valuing non-audit services performed by our external auditor; reviewing our financial statements; assessing the effects of any modifications to the accounting policies approved during any fiscal year; and overseeing measures adopted as a result of any observations made by our shareholders, directors, executive officers, employees or any third parties with respect to accounting, internal controls and internal and external audit, as well as any complaints regarding management irregularities, including anonymous and confidential methods for addressing concerns raised by employees.

Roberto Zambrano Villarreal
President

José Manuel Rincón Gallardo

Alfonso Romo Garza

Rafael Rangel Sostmann


Corporate Practices Committee

The Corporate Practices Committee is responsible for evaluating the hiring, firing and compensation of our chief executive officer; reviewing the hiring and compensation policies for our executive officers; reviewing related party transactions; reviewing policies regarding the use of corporate assets; reviewing unusual or material transactions; and evaluating waivers granted to our directors or executive officers regarding seizure of corporate opportunities.

Dionisio Garza Medina
President

Bernardo Quintana Isaac

José Antonio Fernández Carvajal

Rafael Rangel Sostmann


Finance Committee

The Finance Committee is responsible for evaluating the company's financial plans; reviewing the company's financial strategy and its implementation; and analyzing risks in connection with the company's financial structure, interest rate and currency volatility, and refinancing.

Rogelio Zambrano Lozano
President

Tomas Milmo Santos

Rodolfo García Muriel

Alfonso Romo Garza

For more information about our Committees, please refer to our Form 20-F available in our reports page

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