Acquisitions and contracts committee

 The company has committees that perform different functions and ensure that it runs appropriately and transparently.

Our corporate bylaws provide for four committees that assist in the management of our company:



Ensure that in the process of acquiring the necessary goods and services for the successful operation of the company, the appropriate ethical standards are adhered to. Committee authorization is required for any acquisition or contract with a total value in excess of US$400,000; for extensions to existing contracts; when a contract is put up for tender and a single bid is received, or when a contract is directly assigned to a supplier with no bidding procedure, independently of the contract value; and in those cases where a contract is renewed with a supplier after the contract period comes to an end.


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