To attend in a more effective manner its responsibilities, the Board of Directors has three permanent committees
that provide support regarding the establishment of policies and actions to improve social management.
These three committees are: Sustainability and Coporate Governance Committee and Appointment and
The Audit, Finance and Risk has only management functions, it is not a decision making body, contrary
to the Governance and Remuneration Committees which, in specific occasions may be delegated with decision
making capacities by the law, the articles of association/by-laws or the Board of Directors.
These committees are formed by three (3) members of the Board of Directors, who shall be appointed by the
Board itself. At least one (1) of the three (3) members must be independent, without prejudice to the
minimum number of independent members who by Law must form the
The Audit, Finance and Risks Committee shall meet at least quarterly or as indicated by
the Law or the Bylaws, or when the needs so warrant. The Corporate Governance Committee, shall meet
at least once every six months, or when the needs so warrant.
Members: María Fernanda Mejía, David Yanovich and Eduardo Pizano.
The Appointment and Remuneration Committee shall meet with the same minimum frequency.
Members: Jorge Mario Velásquez, Rafael Olivella and David Yanovich.
The Sustainability and Corporate Governance Committee: shall meet at least twice a year
or when the needs so warrant.
Members: Jorge Mario Velásquez, Rafael Olivella and María Luisa Mesa
*All members of the Audit, Finance and Risks Comittee are independent.
For more information about committees functions,