Audit Committee

Our bylaws provide for an Audit Committee, which oversees, among other matters, supervising the compliance of internal audit programs and ensuring that the preparation, presentation and disclosure of financial information meets the standards set forth in applicable laws and regulations. Our Audit Committee is integrated of five Directors appointed for one-year terms, designated as follows:

  • Three principal board members deemed to be independent directors;
  • Two principal or alternate board members, to be elected by the majority of shareholders at the annual shareholders’ meeting in which members of the Audit Committee are designated.
The chairperson of our Audit Committee must be an independent board member. All of the decisions of our Audit Committee are taken by a majority of votes, and meetings are held at least every three months.

 

Audit Committee
Member
1. Pedro Alberto Ramón y Cajal Agüeras(*)
2. Francisco Javier Azqueta Sánchez-Arjona(*)
3. Julio Andrés Torres García(*)
4. Alfonso Gómez Palacio
5. Javier Alexander Gutierrez Rueda

(*) Independent

(**) Chairman of the Board of Directors