Committees

Answer

The Executive Committee was established by the Board of Directors in 1971. It is made up of directors appointed by series A, B, and C shareholders and chaired by the Executive President. It is responsible for resolving the approval of financial operations that do not exceed the limits established by the Board of Directors.

Answer

The Audit Committee (CAU) was created by the Board of Directors in July 1996. It is composed of the Chair of the Board of Directors, who presides over it, as well as all the directors who make up the Board of Directors, and the person holding the position of Executive President of CAF.

The main functions of the CAU are to enable and maintain effective communication with the Board of Directors on audit matters; recommend the selection and hiring of external auditors; review the annual work plan of the external auditors; approve the annual Internal Audit plan and management results; and review the progress of the implementation of the action plans contained in the internal and external audit reports.

 

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