Audit Committee

The Audit Committee is composed of three independent members determined by the Technical Committee and adopts its resolutions by a simple majority of its members.

The Audit Committee has the following responsibilities, in addition to those determined by the Technical Committee, if any;

  • Evaluate the performance and analyze the opinions, reports, or statements prepared and signed by the External Auditor.
  • Analyze the financial statements relating to the trust’s assets with the persons in charge of their preparation and review.
  • Inform the Technical Committee of the status of internal control, internal audit of the trust, the assets of the trust, the Advisor, and the legal entities in control, including irregularities, if any, that may be detected.
  • Request the opinion of the Advisor and/or independent experts in those cases deemed appropriate.
  • Receive and investigate remarks on any possible noncompliance and report to the Technical Committee any significant deficiencies detected.
  • Convoke shareholders’ assemblies and oversee the compliance of the resolutions achieved in such meetings.
  • Oversee the establishment of mechanisms and internal controls that allow verifying that the acts and operations comply with the applicable legislation.
  • Advise the Technical Committee on the increase of the advisory fee and/or the representation fee, considering the opinion of an independent expert.

  • Francisco Gil Díaz
    Independent Member

    President of Telefónica México, a global telecommunications company, Avancia, a real-estate subsidiary of ACS , and head of Avantel, a Mexican telecommunications company. Mr. Gil Díaz has held several key positions in the Mexican public sector, including Minister of Finance and member of the Board of Governors of Banco de México. In 2005 he was recognized as “Finance Minister of the Year for the Americas” by The Banker (a publication of Financial Times). He is chairman of the advisory council of EXI, a Mexican infrastructure company. He has been a lecturer at the Instituto Tecnológico Autónomo de México (ITAM), where he is Professor Emeritus and was awarded an honorary doctorate; at the Universidad Iberoamericana, Colegio de México, and the Universidad Nacional Autónoma de México.

  • José Antonio Chedraui Obeso
    Independent Member

    A Mexican businessman who since 1965 has held the position of Managing Director, and since 1988 Chairman of the Board of Directors of Grupo Comercial Chedraui. He has also been Chairman of the Board of Directors of the National Association of Supermarkets and Department Stores (ANTAD). Over the course of his business career he has been a board member of various banking and financial institutions, including Banamex, Banco BCH, Bancomer, Banca Serfin, Banco de Oriente, Operadora de Bolsa and Grupo Financiero Inbursa. He is currently a board member of several private companies. Mr. Chedraui studied Business Administration at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), rounding out his business training with various executive development programs, particularly High-Level Management at the Instituto Panamericano de Alta Dirección de Empresas, Liderazgo y Productividad at Colegio de Graduados.

  • Pilar María Aguilar Pariente
    Independent Member

    Pilar Aguilar Pariente is independent board member and investor in high-growth companies. She sits on the board as an independent member of other public and private firms in Mexico. In the venture capital field she has been angel investor and member of various investment committees. She began her career in consulting, working at McKinsey & Company as project partner for the Mexican and Brazilian energy and transportation industries, and for Bain and Company as Talent Development Director. Between 2011 and 2016 she directed Endeavor México, an organization focused on promoting the growth of the Mexican economy through the support of high-impact entrepreneurs. She has co-authored four books on entrepreneurs, The new face of Mexico, and worked with IPADE on a book entitled “Doing well and doing good.” She has been a speaker and panelist at the Women’s Forum Global Meeting and TEDx, among others. Since 2018 she has been a member of the jury for the EY Entrepreneur of the Year Award in Mexico. Ms. Aguilar holds an undergraduate degree in Chemical Engineering from the Universidad Iberoamericana and a Master’s in Business Administration (MBA) from the University of Texas at Austin.