Committees

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In order to support the decisions taken by the Board of Directors and strengthen the Group’s corporate governance framework, three committees were set up to focus on management-related issues. Made up of Board members and invited members, they study their specialized areas and prepare proposals for the Board’s analysis. Their attributes are as follows:

STRATEGY, TECHNOLOGICAL INNOVATION AND NEW BUSINESS COMMITTEE

  • Periodically evaluates the course of the company’s business
  • Supports the identification of new products/services that add more value to the Company
  • Supports the Board in the identification/development of alternative growth strategies
  • Monitors new business performance and expansion

FINANCE, AUDIT AND RISK MANAGEMENT COMMITTEE

  • Analyses financial issues, quarterly and annual reports, the proposals of the external auditors proposal and fiscal planning
  • Analyses risks related to investments and major financial transactions, as well as other risks that may impact the company’s sustainability
  • Ensures that the Company follows best corporate governance practices, via the development of efficient internal processes and controls
  • Establishes a unique management culture for the entire group and seeks to optimize capital allocation and the risk/return ratio

PEOPLE MANAGEMENT COMMITTEE

  • Guides strategic people-management planning
  • Establishes the short and long-term variable payment policy (results and performance-based bonus)
  • Evaluates the performance of the executive officers