Gobierno Corporativo
Good Governance Code
Country Code Survey
The implementation of the recommendations of the new Code of Best Corporate Practices of Colombia must be reported by issuers to the Colombian Financial Superintendence (SFC) through this Report on the Implementation of Best Corporate Practices.
The objective of this report is to inform the stock market about the implementation or non-implementation of the recommendations of the Code by each issuer.
Committees:
In order to support the fulfillment of its functions, Almaviva has three main Committees: Audit Committee, Corporate Governance Committee, and Remuneration and Compensation Committee. These Committees operate under the direction and reporting to the Board of Directors.
The main mission of the Audit Committee is to establish the internal control mechanism that guarantees the transparent exercise of the Company's activity, evaluating the internal control systems in order to ensure that they are adequate and that the purposes of Almaviva are met, including those related to customs clearance.
The Audit Committee of the Board of Directors is made up of three of the five main members of the Company's Board.
- Luis Carlos Arango Vélez (President)
- Pedro Ignacio de Brigard Pombo
- Javier Guillermo Dorich Doig
The purpose of this Committee is to know the status of the implementation of Almaviva's best corporate governance practices and, based on these and the matters submitted for its consideration, assist the Board of Directors in the process of continuous improvement in the level of adoption of good governance standards, and in supervising compliance with the Corporate Governance measures adopted by the entity.
The Corporate Governance Committee of the Board of Directors is made up of two main members of the Board of the Company and two members of the Administration.
- Luis Carlos Arango Vélez
- Juan Camilo Maldonado Quiroga
- Camilo Cortés Duarte*
- Angie Xiomara Corredor Almeyda*
- *Members of the Administration.
The Remuneration and Compensation Committee aims to support the Board of Directors in the review and definition of the remuneration policies of Almaviva's Senior Management. Likewise, the Committee is in charge of reviewing and defining the remuneration guidelines and policies defined for the other Almaviva collaborators and proposing and defining the Human Talent policy of Almaviva and its subsidiaries.
The Remuneration and Compensation Committee of the Board of Directors is made up of two main members of the Board of the Company and two members of the Administration.
- Luis Carlos Arango Vélez
- Mónica Londoño Arango
- Camilo Cortés Duarte*
- Miryam Lucía Pérez Corredor*
- *Members of the Administration.
The Integrated Risk Management Committee aims to support the Board of Directors in the development of the responsibilities and activities within the integrated Risk System for entities exempted from a the SIAR. This includes defining and monitoring the risk management strategy and the risk appetite.
The Integrated Risk Management Committee is composed of three members from the Board of Directors:
- Pedro Ignacio de Brigard Pombo (President)
- Juan Camilo Maldonado Quiroga
- Javier Guillermo Dorich Doig