Committees Overview

The Audit Committee

Alberto Tiburcio

Alberto Tiburcio, Chairman Audit Committee

Responsible for evaluating the Group's financial reporting and making recommendations to the Board in respect of the approval of reports prior to release. Monitors, on behalf of the Board, the Group's risk management and internal control systems, as well as the activity of the Honour Commission in overseeing Whistleblowing procedures. Internal Audit report on their programme and activity at each meeting. Also monitors role of external auditor, including any non-audit service.

The Nominations Committee

Alberto Baillères

Alejandro Baillères, Chairman Nominations Committee

The Nominations Committee is responsible for making recommendations to the Board on the structure, size and composition of the Board and its committees and succession planning for the Directors and other senior executives. Prior to appointments of new Directors, the Committee is responsible for evaluating balance of skills, knowledge and experience on the Board; identifying and nominating suitable candidates.

The Remuneration Committee

Charles Jacobs

Alberto Tiburcio, Chairman Remuneration Committee

The Remuneration Committee sets the Group's remuneration policy for Executive Committee members, and determines the remuneration packages for senior management. The Remuneration Committee oversees the annual bonus plan for senior executives including setting Key Performance indicators.

The Executive Committee

Octavio Alvídrez

Octavio Alvídrez, Chairman Executive Committee

The Executive Committee is led by the Chief Executive and is responsible for the management of the Company’s businesses including the implementation of decisions agreed in principle by the Board and all executive management of the operations of the Group within the strategy and budget approved by the Board.

The HSECR Committee

Arturo Fernandez

Arturo Fernández, Chairman HSECR Committee

The Health, Safety, Environment, Community Relations Committee evaluates the effectiveness of the Company's policies and systems for identifying and managing HSECR matters within the Company's operations. The HSECR Committee reviews reports on all fatal accidents and monitors management responses.