Want create site? Find Free WordPress Themes and plugins.

Our Corporate Governance practices comply with laws applicable to public companies listed on the Mexican Stock Exchange, with the regulations of the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, CNBV), and with the recommendations of the Code for Best Corporate Practices established by the Entrepreneurial Coordinating Council (Consejo Coordinador Empresarial, CCE) in Mexico.

We are the only energy infrastructure company to be listed on the Mexican Stock Exchange, as well as the only one included in its Sustainability Index, ranking ninth among the 80 companies assessed for inclusion and with scores above the national average in every category.

BOARD OF
DIRECTORS

The IEnova Board of Directors includes eleven permanent members, four of whom are independent, in accordance with the terms of the Mexican Securities Law (Ley del Mercado de Valores). Carlos Ruiz Sacristán serves as Chairman of the Board of Directors and CEO of IEnova.

Every one of the Directors have proven experience and an excellent reputation in different areas of expertise, including the energy sector, finances, foreign relations, public policy, and infrastructure. With their global view of the industry, Board members review the business’ plans and performance, evaluate comprehensive risk management, approve succession plans, establish corporate governance guidelines, and analyze progress in sustainability.

SENIOR MANAGEMENT

The Corporate Practices Committee assists the Board in preparing the reports on the financial and accounting guidelines and the reports for the annual shareholders meeting; advises the Board of Directors on the appointment of the Chief Executive Officer and other senior management and in defining their responsibilities and remunerations; requests the opinions and recommendations of independent experts; provides its opinions regarding transactions with related parties; and convenes meetings of the shareholders.

Jeffrey S. Davidow Chairman*
Aarón Dychter Poltolarek Director*
Joseph A. Householder Director*
Alberto Mulás Alonso Director*
José Julián Sidaoui Dib Director*

*Independent Director in accordance with the terms of the Mexican Securities Law.

80%
OF THE MEMBERS OF THE CORPORATE PRACTICES
COMMITTEE ARE INDEPENDENT

The Audit Committee reports on internal controls and recommendations; informs on irregularities; oversees the work of the external auditors and analyzes their reports and the financial statements of the company; assists the Board in preparing the reports on operations; receives and analyzes proposals and comments made by shareholders, Board members, key executives, external auditors, or third parties; convenes shareholders meetings; and supervises transactions with related parties to ensure they comply with the law.

The Committee includes all the independent members of the Board.

Aarón Dychter Poltolarek Chairman*
Jeffrey S. Davidow Director*
Alberto Mulás Alonso Director*
José Julián Sidaoui Dib Director*

*Independent Director in accordance with the terms of the Mexican Securities Law.

We also have an Ethics Committee in which senior executives of the company participate. The Committee reports to the Audit Committee of the Board of Directors and reviews complaints of alleged violations of the Code of Ethics, conducts the necessary investigations, and determines a plan of action based on the findings, all within a maximum 30-day period.

Pursuant to our goal of being recognized as a leading company in both national and international discussions on anti-corruption and corporate ethics issues, we, among other activities, coordinated postgraduate courses of study in Government and Corporate Ethics, Anti-Corruption, and Prevention of Conflicts of Interest for the Escuela Libre de Derecho; organized the Forum on Corporate Ethics for the Energy Sector, also done in collaboration with the Escuela Libre de Derecho, which involved public officials and the private sector.

In the international arena, we participated in organizing the First Seminar to Fight Corruption in the Business Sector, in which the Secretary General of the Organization of American States and other top government and business representatives from all over the world took part. We also collaborated in coordinating the UN’s International Anti-Corruption Day, in which many Mexican authorities participated.

CORPORATE
ETHICS

At IEnova we are obliged to comply with all applicable national and foreign anti-corruption and anti-bribery laws, including the Mexican Federal Anti-Corruption Law in Public Hiring (Ley Federal Anticorrupción en Contrataciones Públicas), the Foreign Corrupt Practices Act (FCPA), and the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

In 2016, we published our new Code of Ethics that includes 23 integrity standards. All employees must read, sign, and comply with these standards. The Code is available to view and download at http://ienova.com.mx/english/pdf/codigo-de-etica.pdf.

Based on our policy of zero tolerance for ethics breaches, we ensure the confidentiality and impartiality of our helpline, which is managed by a third-party. During 2016, there were 20 cases reported on our IEnova Contigo helpline that were addressed and resolved in a timely manner based on our policies.

Did you find apk for android? You can find new Free Android Games and apps.