Audit Committee

The Auditing Committee is responsible for coordinating all internal auditing processes, appointing independent auditors and providing the Board of Directors with its opinion regarding the company’s financial statements and all audited areas. The Auditing Committee is comprised of the following members: Hakim Aouani, Felipe Ayerbe Muñoz, Luis Carlos Uribe, Jean Lois Bourgier and Guillermo Valencia.

The Committee's functions include:

• Reviewing the financial statements prior to submission to the Board of Directors and General Assembly of Shareholders.
• Evaluating whether the Company's management is implementing existing internal controls. This includes informing employees of their responsibilities.
• Monitoring all areas that could represent financial risk and how company management is addressing these.
• Reviewing all matters, legal and otherwise, affecting the Company’s accounting and reporting functions, including all accounting transactions as to fully the effects these may have on the Company’s financial statements.