During the year, Grupo Lamosa made a great effort to continue assuring the implementation of best practices in corporate governance across the organization, abiding by applicable stock market rules and regulations and following the recommendations of the Code of Best Corporate Practices issued by the Mexican Business Coordinating Council (Consejo Coordinador Empresarial, CCE).
The company observed all the legal requirements to which it is subject as a consequence of listing its shares on the Mexican Stock Exchange, reaching 100% compliance with its disclosure of information according to the Mexican National Banking and Securities Commission’s verification mechanisms.
The acquisition of Cerámica San Lorenzo in South America at the end of 2016 represented a significant challenge with regard to the training of its workforce in the company’s Code of Ethics.
During the first quarter of the year, Internal Auditing sent working teams to each of the South American countries where the company operates, offering training workshops with practical cases related to the contents of the Lamosa Code of Ethics. Later, starting in the second quarter, the Transparency Line was deployed in the region, helping to assure the implementation of Grupo Lamosa’s values and best corporate practices.