Committees

BMG has five committees reporting directly to the Board of Directors: Compensation, People and Governance Committee, Audit Committee, both required by the by-laws, Risk and Capital Management Committee, Strategy and Innovation Committee and Governance Committee, whose attributions are detailed below.

Audit Committee  – The Audit Committee is a permanent statutory body consisting of at least 3 members, with a fixed term of office of 3 years, elected by the board of directors, which is also responsible for appointing the president of the committee as well as the expert member. The duties and responsibilities of the audit committee are set forth in the by-laws and the audit committee’s internal regulations and include supervising the quality, integrity and independence of accounting practices and ensuring compliance with applicable laws and regulations.

For more information about the Committee, click here.

Compensation, People and Governance Committee – The Compensation, People and Governance Committee is a permanent statutory body, with the attributions and charges provided for in the legislation, formed by up to 8 effective members, elected and dismissed by the Board of Directors, with a term of office of 3 years, one of them being elected the President which will necessarily be a member of the Board of Directors. The duties and responsibilities of the Compensation, People and Governance Committee are set forth by applicable law, the Bank’s by-laws and the internal regulations of the Committee. The main goals of the committee are to prepare and supervise the compensation policy of the officers and directors.

For more information about the Committee, click here.

Risk and Capital Management Committee – The Risk and Capital Management Committee is a non-statutory advisory body to the Board of Directors. The Committee consists of up to 8 members, including the Chief Executive Officer, the Investor Relations Officer and the Risk Superintendent. The main duties and responsibilities of this Committee are to promote discussions and decisions on issues related to policies, procedures, methodologies and processes related to integrated risk and capital management and the Capital Plan, in accordance with the definitions contained in Risk and Capital Management policy, and to validate risk and capital management policies and our capital plan before approval by our Board of Directors and Board of Executive Officers.

For more information about the Committee, click here.

Strategy and Innovation Committee – The Strategy and Innovation Committee is a non-statutory advisory body to the Board of Directors. The Committee is composed of up to 8 members, with a term of office of 2 years, and shall coincide with the term of office of the members of the Bank’s Board of Directors and Board of Directors. The main duties and responsibilities of this Committee are to define the company’s main long-term strategic courses, to monitor the Bank’s adherence to the strategic goals and to evaluate investment/M&A recommendations that are presented by the executive officers.

For more information about the Committee, click here.

Governance Committee  – The Governance Committee is a non-statutory advisory body to the Board of Directors. The Committee is composed of up to 8 members, with a term of office of 2 years, and shall coincide with the term of office of the members of the Bank’s Board of Directors and Board of Directors. The main duties and responsibilities of this committee are set forth by the committee’s internal regulations, including supervising the secretariat and the leadership forums, analyzing communication between executive officers and managers, and ensuring compliance with good governance practices on high-level matters.

For more information about the Committee, click here.