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 was established by the Board of Directors in July 1996. It is made up of the Chairman of the Board, who chairs it, as well as directors elected by the Board of Directors for two years, and the Executive President of CAF.

It is up to this Committee to recommend the selection and hiring of external auditors; know your annual work plan; and review the annual report and financial statements of the Institution, with the corresponding opinion of the external auditors, before they are presented to the Board of Directors and the Assembly of Shareholders; know the reports presented by the Internal Audit on the main issues related to the validity of the structure of the internal control system and know the annual program for the management and control of portfolio and investment risk, and the annual execution report of said program.