During 2019, Grupo Lamosa reviewed and updated its internal control policies and procedures, in order to continue strengthening its internal control framework. This initiative involved the company’s different business processes and guidelines in order to ensure the due protection and integrity of information, among other issues.
Given the importance of knowledge of, and compliance with, the Grupo Lamosa Code of Ethics, throughout the year employees at different locations, including new staff, received training in the code and its implications. In parallel, the company’s Transparency Line was managed according to the defined operating protocols, with all cases received being treated confidentially and with the periodic participation of the Ethics Committee.
The bodies supporting the Board of Directors, such as the Audit and Corporate Practices Committees, met during the year in accordance with the provisions of Mexican Stock Market Law and the Sole Circular for Issuers (Circular Única para Emisoras), made recommendations for the continuous improvement of processes and monitored compliance with the policies established within the organization.
In 2019, the company complied with all stock market provisions applicable to its activities, ending the year with a high degree of adherence to the Code of Best Corporate Practices, issued by the Mexican Business Coordinating Council.
Members of the Audit Committee
Carlos Zambrano Plant
Chairman
Eduardo Padilla Silva
Eduardo Garza T Fernández
Maximino José Michel González
Members of the Corporate Practices Committee
Eduardo Elizondo Barragán
Chairman
Bernardo Elosúa Robles
Armando Garza Sada
