The Grupo Argos Board of Directors is made up of seven members. Four of them meet all the conditions established in our Code of Good Governance in order to be considered as independent members. Rosario Cordoba Garces is in charge of the presidency, she is an independent member
The main activities of the Grupo Argos Board of Directors consist of carrying out decision-making processes for the fulfillment of the corporate strategic goals and to follow-up on the implemented actions, seeking to always find the best interests for the company and its shareholders.
Independent member of the Board of Directors.
Appointed since March 23, 2011
Chairwoman of the Board of Directors.
Appointed since March 26, 2020. Patrimonial Member. He is currently CEO of Grupo Sura.
Appointed since March 26, 2014. Patrimonial Member. He is currently CEO of Grupo Nutresa.
Appointed since April 16, 2018. He is currently General Manager Amalfi S.A.
Independent member Appointed since March 25, 2009.
Independent member of the Board of Directors. Appointed since March 25, 2015. He is currently Chairman of BTG Pactual.
Independent member of the Board of Directors. Appointed since March 25, 2015. He is currently Global Head of Productivity at P&G.
No member of the Board of Directors has the status of Politically Exposed Person in accordance with the definition of Decree 1674 of 2016.
The remuneration of its members is approved by the Shareholders’ General Assembly, according to the structure, obligations and responsibilities of this board, as well as the personal and professional skills of its members, the time invested and their experience.
The members of the Board of Directors are remunerated through a monthly fee, regardless of their attendance to the meetings. Additionally, they receive an equal amount of the monthly fee for each time they participate in Board’s supporting committees.
Monthly remuneration of the members of the Board of Directors:
April 2020 – March 2021
The Board of Directors is assessed on a yearly basis, alternating external evaluations with self-assessments. The external one is carried out by an independent firm selected by the Board itself, as recommended by the Sustainability and Corporate Governance Committee. These contemplate quantitative and qualitative aspects.
Chapter III of the Code of Good Governance contains the Operating Regulations of the Board of Directors. It regulates among others, matters relating to:
The Board has three support committees, which are appointed by the board, and they are made up of members of the Board and by company officials.
This committee is made up of three members of the Board of Directors that certify the independent members. The members of the Committee must have at least one with experience in matters of corporate finance and / or matters related to the design and implementation of internal control systems. Likewise, the company’s CEO, the Financial Vice-president and the Internal Auditor attend as guests.
Our Audit, Finance and Risks Committee representatives are:
Armando Montenegro (President, independent member)
Rosario Córdoba (Independent member)
Ana Cristina Arango (Independent member)
The following are the main functions performed by the Audit, Finance and Risk Committee:
This committee is made up of three members of the Board of Directors, at least one must have accredited their status as an independent member. Members must have knowledge in matters of strategy, human resources and / or matters related to salary policies and related matters. The secretary of this committee will be the Administrative Vice President.
Our Appointment and Remuneration Committee representatives are:
Jorge Uribe (President, independent member)
Rosario Córdoba (Independent member)
Gonzalo Pérez (Patrimonial member)
Evaluation Report made by the Appointments Committee for the formation of the Board.
This committee is made up of three members of the Board, at least one must be an independent member. The company’s CEO will attend the meetings. He/she is to be heard but without a right to vote, and the secretary general of the company, or the person appointed by him/her, will act as secretary.
Our Sustainability and Corporate Governance Committee representatives are:
Rosario Córdoba (President, independent member)
Carlos Ignacio Gallego (Patrimonial member)
Claudia Betancourt (Patrimonial member)
The committee has among its functions to: