The Remuneration Committee was set up by the Shareholders’ Meeting with the objective of setting the remuneration of members of the Company’s Board of Directors.
The members of the Remuneration Committee are elected by the Shareholders’ Meeting, for a three-year period.
The members of the Remuneration Committee are:
- Elizabeth Bastoni
- Erik Geilenkirchen
- Jorge Ponce de Leão
In order to guarantee the impartial pursuit of its duties, none of the members of the Remuneration Committee is a member of the Board of Directors of the Company or has a spouse, relative or similar in these circumstances, nor has a relationship with any member of that body that may affect their impartiality.
The members of the Remuneration Committee have extensive knowledge and experience in the management of and policies relating to remuneration, which gives them the necessary ability to properly and effectively pursue their duties.