Audit Committee

 

  • Monthly sessions, closely following the daily operations of the business and its officers.
  • Monitors the management performance and execution of relevant matters in compliance with the Insurance and Bonding Sole Circular, Best Corporate Practices Code, and the Securities Market Law.
  • Designates and evaluates the performance of the external auditor.
  • Analyzes the Company’s financial statements and information.
  • Researches possible breaches of guidelines, operational policies, comprehensive risk management systems, internal control systems, and takes appropriate corrective measures.
  • Ensures that Top Management fulfills the agreements made by the Board.

The Audit Committee is comprised solely of Independent Members and it’s Chairman is financial and accounting expert.

Corporate Practices Committee

 

  • Monitors the management, performance, and execution of relevant matters in compliance with the Bonding Sole Circular, Best Corporate Practices Code, and the Securities Market Law.
  • Ensures that Top Management fulfills the agreements made by the Board.
  • Evaluates and proposes to the Board of Directors the remuneration of the CEO and other relevant Directors.
  • Informs the Board of Directors about operations with related parties.

The Corporate Practice Committee is comprised solely of Independent Members.

Social Responsibility Committee

 

  • Establishes the scope of Quálitas Social Responsibility.
  • Defines strategies and activities to implement Social Responsibility practices.
  • Implements mechanisms to measure the social impact of Quálitas’ functions and activities.

Investment, Finance and Planning Committee

 

  • Strictly monitors compliance of investments regulations.
  • Evaluates and suggests investment policies according to the organisation’s vision.
  • Establishes guidelines for the Company strategic planning.
  • Maintains a balanced portfolio under the authorized investment regime.
  • Gives an opinion on the budget’s assumptions and monitors the budget.
  • Identifies risk factors and evaluates policies to manage them.

Operations Committee

 

  • Advises the Top Management, in establishing strategies and actions to optimize efficiency and quality of Company’s operations.
  • Assists in establishing the business plan and comprehensive strategy to guarantee the continued and improved development of the Group.

Reinsurance Committee

 

  • Proposes objectives and policies to contract, monitor, assess, and manage reinsurance operations.
  • Establishes mechanisms to monitor and assess the policies and rules for reinsurance.
  • Periodically evaluates the achievement of strategic objectives established by the Board of Directors in terms of reinsurance.
  • Informs on the results of the operation and of the corrective measures implemented to correct deviations.

Communication and Control Committee

 

  • Advices on contracts or operations which may favor acts of terrorism or money laundering.
  • Establishes and disseminates criteria for classification of clients in terms of their risk level.
  • Dictates the operations that must be reported to the SHCP (Ministry of Finance and Public Credit), by conduct of the CNSF (National Insurance and Bonding Commission), as unusual or troubling.