As a publicly traded company, ASUR adheres to a strict set of regulations in its corporate governance practices. Our Board of Directors is made up of a majority of independent members, our Audit Committee is made up entirely of independent members and our other corporate governance bodies all have varying degrees of independent oversight. The following figure provides an overview of the corporate governance structure of ASUR: COMPANY SHAREHOLDERSUltimate authority at the company Responsible for: decision-making at the highest level Due representation of minority shareholders BOARD OF DIRECTORSResponsible for: strategic decision-making Number of members: 7 / Independent members: 4 AUDIT COMMITTEEResponsible for: oversight of operations to ensure appropriate standard of business ethics Number of members: 3 / Independent members: 3 NOMINATIONS AND COMPENSATIONS COMMITTEEResponsible for: proposals for appointment of Board members; approval of executive pay Number of members: 3 / Independent members: 1 OPERATIONS COMMITTEEResponsible for: compliance with investment commitments; proposals to Board for dividends, budget, business plan, etc. Number of members: 4 / Independent members: 2 ACQUISITIONS AND CONTRACTS COMMITTEEResponsible for: oversight of acquisations to ensure appropriate ethical standards Number of members: 3 / Independent members: 1 |
|