Claudine Laake Julien Dal Palu Estafania Molina Alvarez Patricia Villa Velasco

 Consists of at least 3 members and the number of CEO’s is limited to ensure sufficiently independence of the committee  Has control of all aspects of the engagement of specialist remuneration consultants  Integrates all components that support the objectives of the company ( short-term and long-term-components and financial targets and non- financial targets and other relevant information like peer group benchmarking)  Communicates with the shareholders, provide them with full disclosure and seek input from them.

 Appropriate balanced structure.  Each plan tailored to the unique circumstances of the market and of the firm.

Compensation plans :  Cash and Short-term incentives  Equity and Long-term incentive tools  Performance-based Methodologies  Post Employment and Other Benefits

 Employment contracts -> strictly limited -> maximun duration -> automatics basis  Disclosures -> Committee is the one responsible -> done on an anual basis -> Presented on an specific place, clearly and easily understood