Información Corporativa
 
Corporate Practices Committe
 
Members

Juan Antonio Pérez Simón
President

Jaime Alverde Goya

Antonio Cosío Pando
 
Functions
 
The mandate of the Corporate Practices Committee, under the new Mexican Securities Market Law (SML), are as follows:
 
a) Provide advice to the Board of Directors on any matters assigned to it under the SML, mainly in connection with:
 
  1. Policies and guidelines for the use or enjoyment of the assets making up the net worth of the Company and any subsidiaries controlled thereby.

2. Any transactions, individually, with any related parties, intended to be carried out by the Company and any subsidiaries controlled thereby.

3. The designation, election and, as the case may be, removal of the Company's CEO and full compensation, as well as any policies for the designation and full compensation of the other management members.

4. Policies for granting of related persons mutual or other loans or guaranties.

5. Exemptions for Directors and Company Officers to seize business opportunities for themselves or for any related parties, that may correspond to the Company or any subsidiaries controlled thereby or having significant influence therein.
 

b) Seek the opinion of independent experts whenever deemed advisable or necessary for the proper performance of their duties, or whenever required under the SML or any general provisions.

c) Call Stockholders' Meetings and cause the inclusion of any pertinent issues in the agenda for such meetings.

d) Assist the Board of Directors in the preparation of the report on our major accounting and information policies and criteria followed in the preparation of the financial information and report on the operations and activities carried out by the Company under the SML.

e) Any others established by the SML or foreseen by the Company's by-laws.
 
Other powers of the Company Practices Committee are the following:
 
a) Recommend to the Board of Directors any procedures that may be necessary to warrant proper selection of the Company's CEO and the main Company officers, and the succession process therefor.

b) Propose criteria for evaluating the Company officers' performance to the Board of Directors.

c) Analyzing any proposals made by the CEO on the amount and structure of the Company's executive officers compensation and submit same to the Board of Directors.

d) Review new corporate executive compensation plans and the operation of the existing programs.

e) Implement the necessary hiring practices to avoid excessive payments to executives.

f) Assist the Board of Directors in developing appropriate corporate personnel policies.

g) Report to the Board of Directors on the activities carried out by the Committee.

h) Carry out any other functions delegated by the Board of Directors.
 
 
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