Corporate Governance

Governance structure

Board of Directors

The activity of the Board of Directors of Construcciones El Condor S.A. is oriented to comply with the provisions of the law and the bylaws; to set strategic and corporate objectives; to define the goals and the way to achieve them. In addition, the board must make decisions and follow up on the actions taken to achieve the intended objectives, in the pursuit of the best interest of shareholders by promoting mechanisms and instruments that guarantee the best treatment and attention to customers, suppliers, employees, shareholders and the community (Good Governance Code, article 22).

The Board of Directors is composed by seven members, five of which are independent members. All members complement each other's skills and experience in economic, legal, technical, administrative and strategy issues; none is a shareholder of significant clients or suppliers, nor do they exercise responsibilities in the political sphere.

The Board has the following support committees: Audit and Risk Management Committee; Committee for the Development of the Organization, Human Talent and Remuneration; Corporate Governance and Strategy Committee (Code of Good Governance, article 34).

The General Assembly of Shareholders approved the Remuneration Policy and the Succession Policy for the Board of Directors, which can be consulted at https://elcondor.com/en/investors/policies

Board of Director’s Regulations regulates, among others, the integration, election and schedule of meetings; the criteria for the election of the members of the Board of Directors; the internal structure and functions, and can be consulted at https://elcondor.com/en/investors/regulations

 

Declaration of Independence of Independent Members of the Board of Directors

Please find attached below, the candidates’ declarations of independence which comply in the terms of paragraph 2 of Article 44 of Law 964 of 2005.

2016 - 2018 Shareholders’ Meeting

Declaration of Independence - Members of the Board of Directors 2016 - 2018

Distribution of Board members by age ranges

Jairo González Gómez

Jairo González Gómez

Independent Members

 

Attorney and specialist in Commercial Law from UPB. He serves as Vice President Secretary General of Grupo Nutresa and the Director and Senior Attorney of Gonzalez Gomez Abogados. He is a member of Arbitrators of the Center of Conciliation, Arbitration and Friendly Composition of the Medellín Chamber of Commerce. He has held a seat in the Boards of Corporación Excelencia en la Justicia and Fundación Infantil Santiago Corazón.

Currently he does not hold any public office; is a member of other boards of Fundación Infantil Santiago Corazón y Helados Bon.

Years in the Board of the Company: 8

José Jairo Correa Gómez

José Jairo Correa Gómez

Equity Members

Civil Engineer from Escuela de Minas of Universidad Nacional and Founding Partner of Construcciones El Condor. He has held a seat in the Board of Directors of ACIC, Camacol Antioquia, Concesion Santa Marta – Paraguachon, Concesion Autopista de los Llanos, Latinco and Odinsa.

Currently he does not hold any public office; nor is it a member of other boards.

Years in the Board of the Company: 34

Beatriz Eugenia Morales Vélez

Beatriz Eugenia Morales Vélez

Independent Members

Álvaro Fernando Robayo Mosquera

Álvaro Fernando Robayo Mosquera

Independent Members

Chairman of the Board

Luis Alfredo Turizo Ortiz

Luis Alfredo Turizo Ortiz

Independent Members

                                                                                                                                                                                                                                                 

Manfred Gartz Moises

Manfred Gartz Moises

Independent Members

                                                                                                                                                                                                                                                 

Alejandro Correa Restrepo

Alejandro Correa Restrepo

Equity Members

Administrative Engineer specialized in Corporate Finance at EIA. He held positions such as Investments Assistant of Grupo Condor Inversiones, Real Sector Analyst, International Trader and Commercial Advisor at Serfinco Comisionistas de Bolsa. Today, he is the Manager of Finance of Construcciones El Cóndor. He has held a seat in the Boards of several road concessions.

Currently he does not hold any public office; is an alternate member of other boards of Hatovial and Túnel de Oriente.

Years in the Board of the Company: 13