Corporate Governance

Structure

Regional has a Corporate Governance that establishes principles and standards for all its financial entities. This government is defined as a set of inherent relationships between the administration, the Boards of Directors of the different entities, Support Committees, Shareholders, Regulators, Investing Public and other interested third parties, in order to ensure the continuity of the business. In 2018, with the objective of going beyond regulatory compliance, adding real value to the company group and seeking a higher level of reliability and effective accountability for both shareholders and administrators, Regional decided to submit its policies and processes to an independent third-party review. Regional Board of Directors comprises 15 Board members of which 60% are independent. Committees The Board of Directors relies on intermediate bodies that are dedicated to analyzing, reporting and proposing actions on specific issues. These committees are made up of members of the same Board, as well as some managers and officers of the Group companies. The committees include the following: Audit Committee Quarterly sessions and comprises 3 independent Board Members. Duties: Internal and External Audit, Internal Control, Risk Management, Information security, Financial information, Conflict of Interest and Compliance Monitoring of operations with related parties Corporate Practices Committee Quarterly sessions and comprises 4 independent Board Members. Duties: Duties: Strategic planning, Selection, evaluation and compensation of the CEO and relevant directors, Unusual transactions, Corporate Ethics and Social Responsibility, Budget Management and Corporate Policies Delegation of Authority Sustainability Operations with related parties More information: Regional's Board of Directors Regional’s Annual Report  

Shareholders Meeting

The Company is governed by a Shareholders Meeting that meets annually and is responsible of appointing the members of the Board of Directors. Likewise, this meeting approves the accounts of the Financial Group and, if applicable, the payment of dividends. The process of nominating the members of the Board of Directors should favor the interests and the strategic vision of Regional. This process must be transparent, objective, inclusive and will be led by the Corporate Practices Committee. At least once a year the Shareholders meeting must ratify or substitute the members of the Board of Directors, including patrimonial, related and independent members. According to the bylaws, the Board is responsible for: monitoring over the Company's wellbeing by setting forth Regional's strategy, issuing the Annual Report for the Shareholders' Meeting, as well as supervising the transactions between the financial group's subsidiaries. In addition, the Board is in charge of safeguarding and protecting the interests of the shareholders, customers, collaborators and suppliers, while supervising that the decision-making process ensures a healthy Corporate Government. Order of the Day [English/Español] Explanatory Statement [English/Español]    

Risk Management

We are characterized by a prudent risk culture, which is why we operate under the Integrated Risk Management System (SIAR) and an Internal Control System.