Among its functions, it is worth highlighting the follow-up to processes related to the following:
Financial information and reports
Enterprise risk management
Architecture and internal control system (including monitoring internal and external audits)
Regulatory compliance (with a greater focus on preventing money laundering and financing terrorism)
Personal data protection program
Transactions between Related Parties, as well as the management of conflicts of interest presented by the members of the Senior Management and the Board of Directors
Review of the Annual Report.
Ensure the validity and effective compliance of the Corporate Governance Code and settle claims related to it.
Assist the strategy of Human Resources and monitor staff expenses.
To support the President of the Board of Directors in carrying out the annual evaluation of the Board of Directors and its Committees, review the results of the process and formulate suggestions for its proper functioning (if this function is not expressly attributed to another Committee).
Outline general policies for the election and individual and collective evaluation of each of the Chairs, Vice-presidents and Managers of the Company according to the duties and responsibilities assigned to them, including variable remuneration when it is associated with performance.
Determine and supervise the parameters that must be followed to adopt the requirements that must be fulfilled by Chairs and Vice-presidents in terms of their remunerations and acknowledgements.
Regulate the possibility of transferring shares of the Company to employees as remuneration, acknowledgement or incentive.
Determine the guidelines to be followed by Internal Audit in order to control the activity of the directors.
Review and approval of the annual expansion plan of the Company that includes retail and Real Estate.
Review and validation of the dossier of the most relevant investment projects associated with the expansion plan.
Monitoring of the annual expansion plan of retail and real estate business.
Review of financial aspects associated with the expansion: investment (Capex) per year, disinvestment of assets, annual investment and sales forecasts.
Review and recommendation of approval of specific real estate transactions.
Advise the Board of Directors and Senior Management regarding cash investments of the Company, within the framework of the policies adopted by the Board of Directors.
To follow up on cash investments of the Company and define an action framework for their execution.
Analyze the projections of economic research and relevant impacts in terms of the Company's exchange exposure and its investments.
To follow up on debt status, proposing policies for its management and monitor its proper implementation.
Study and approve the proposals related to the creation, modification and cancellation of the debt, and, in general, all those proposals related to the indebtedness of the Company.
Study and decide to submit to the approval of the Board of Directors the issue of debt in the local and international financial markets.
To follow up on the indebtedness indicator and the objectives of the Company´s cash flow.
Recommend the Company's sustainability strategy for approval by the Board of Directors, which shall include best practices.
Follow up on the implementation of the sustainability strategy approved by the Board of Directors, ensure compliance and suggest changes, updates and improvements when necessary, in order to promote its management and implementation in each of the Company's activities.
Evaluate and recommend to the Board of Directors for its approval projects, proposals and special campaigns through which the Company's sustainability strategy is evidenced, as well as to contribute to the improvement of social and / or environmental problems.
Advise the Board of Directors on matters related to sustainable development, including the evaluation from the sustainable point of view of their investment strategies or initiatives.
Evaluate and approve the Annual Sustainability Report.