WE ARE A LEADING PRECIOUS METALS GROUP WITH SIGNIFICANT EXPERIENCE AND EXPERTISE IN ALL ASPECTS OF MINING, FROM EXPLORATION THROUGH TO MINE CONSTRUCTION AND OPERATION

Governance Structure

Alberto Baillères, Chairman, Fresnillo plc
"Like all of my board colleagues, I am firmly committed to ensuring that we collectively oversee Fresnillo plc transparently and in the interest of all shareholders. We are fully committed to the best possible practice in corporate governance, and take our adherence to the principles and provisions of the new UK Code on Corporate Governance very seriously. In particular we recognise the shareholding structure of Fresnillo plc requires us to ensure that the interests of all shareholders are well represented in the proceedings of the Board”.
> The Governance Structure of Fresnillo plc

The structure and business of the Board is designed to ensure that the Board focuses on strategy, monitoring the performance of the management team, governance, risk and control issues. The Board meets at least four times a year and has an established programme of meetings. At these meetings the Board takes responsibility for the Group's long-term objectives and commercial strategy and monitors the management of the Group's activities. There is a formal schedule of matters reserved for the Board's decision which includes approvals of major expenditure and investments and key policies. All meetings of the Board are held in Mexico.

February/March April July/August October
Key Activity Full year results and report Strategy Interim Results Business Plan and Budget


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