What does the compensation committee do?

Compensation Committee what is it?

The Committee’s main purpose is to evaluate accounting procedures, manage the relationship with the Statutory Auditor and supervise the effectiveness of the control architecture and the Integrated Risk Management System (SGIR). The Committee does not replace the functions of the Board of Directors or the Management on the supervision and execution of the internal control system.

The Committee is composed of two (2) members of the Board of Directors, at least one of whom must be Independent. The Vice President of Talent and Organizational Architecture or the General Secretary may act as Secretary of the Committee.

Volaris corporate

1 TABLE OF CONTENTS INTERNAL REGULATIONS TABLE OF CONTENTS 1. THE BOARD OF DIRECTORS 2. 3. MEETINGS 4. RESPONSIBILITIES CHAIRMAN OF THE BOARD OF DIRECTORS FEMSA CHAIRMAN OF THE EVALUATION AND CORPORATE GOVERNANCE COMMITTEE 3.1.

3 N 2 COMMITTEE MEMBERS 2.1. The Committee shall be composed of 3 to 6 proprietary directors appointed annually by the Board of Directors The members of the Committee shall have basic knowledge or experience in the area of human resources management and executive compensation, as well as applicable laws and regulations The Chairman of the Committee shall be appointed annually at the Shareholders’ Meeting At least one of the members of the Committee shall have knowledge of compensation management techniques and trends in compensation tools in the market The Chairman of the Committee shall ensure that when the members of the Committee are appointed for the first time, including himself, they are given an adequate induction to the company. At a minimum, they should be provided with information regarding their functions, objectives and the Committee’s own Rules and Regulations. The opinions or recommendations of the Committee shall be formalized by the affirmative vote of a majority of its members.

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Planning and Finance Committee

Throughout our history, we have sought to base our decision-making on solid ethical principles and transparency, and our culture on a system of institutional values that are reflected in our actions, thus generating coherence between what we think, say and do.

The regulations of the Colombian Code of Commerce establish the obligation for companies to have bylaws that serve as a regulatory framework that governs the operation of the bodies of all companies, which must be in accordance with the rules that regulate the matter.

This code includes the Operating Regulations of the General Shareholders’ Meeting and the Operating Regulations of the Board of Directors in sections 2 and 3, respectively.

As responsible from our actions and guided by integrity, we have our Code of Ethics and Conduct, through which ethical guidelines are established for our collaborators, so that they reflect coherence between acting, thinking and doing; because trust is fundamental and, under this premise, it is understood that the application of the Code of Ethics in all actions sets the essential guideline to achieve our purpose.

Chief Financial Officer volaris

He is also known for his philanthropic work; he is currently Executive President and Chairman of the Board of the Mexican Foundation for Education, Science and Technology (FUNED, AC), a non-profit organization that offers Mexican students financial support to pursue graduate studies abroad.

Carlos holds a degree in Industrial Engineering from the Instituto Tecnológico de Estudios Superiores de Monterrey, Santa Fé campus, CDMX, MX and an MBA from Babson College in MA, USA.

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He is in charge of the improvement of Supply Chain processes, resource optimization, implementation of communication strategies that sensitize customers to the responsible and sustainable use of water, among others.

He holds a Bachelor’s Degree in Industrial Engineering from Universidad Anahuac, CDMX, MX, and a Master’s Degree in Business Administration from Instituto Panamericano de Alta Dirección de Empresas (IPADE), CDMX, MX.

Alfredo was a member of the Board of Harvard Business School from 1998 to 2001, as well as General Director of Aeropuertos y Servicios Auxiliares and, later, General Director of the Comisión Federal de Electricidad (CFE).