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Investor Presentaiton

EXECUTIVE COMMITTEE There are three Directors. Among their duties is that of strategic planning for the Company. MEMBERS OF THE EXECUTIVE COMMITTEE: Doug McMillon (Chairman) Enrique Ostalé Scot Rank Note: Wal-Mart de México, S.A.B. de C.V. held its annual general ordinary shareholders' meeting on March 20, 2014 and the integration of the new Executive Committee was determined: Enrique Ostalé (Chairman) David Cheesewright Scot Rank CORPORATE RESPONSIBILITY Corporate responsibility is the company's commitment to doing what is right and managing government, social and environmental issues related to the business and its operation. Those in charge of Corporate Responsibility are the Executive Vice President and Chief Officer for Legal and Government Affairs for Mexico and Central America, the Senior Director for Compliance, and a specialized team. In turn, the strategy is reviewed in the Corporate Executive Committee, and developed in conjunction with the areas involved in each of the fields of endeavor; the Board of Directors is informed on these activities. It is fundamental to establish work plans, indicators, and policies and procedures so as to involve the organization in building a company with an increasingly robust Corporate Responsibility. SAID STRATEGY INVOLVES THE FOLLOWING PILLARS: Ethics and corporate governance • Associates • Suppliers • . Community Environment THE STRATEGY COVERS THE FOLLOWING POINTS: • • • • • . Risk analysis, impact and evaluation of primary stakeholders regarding the same, and associate opinion surveys on each subject. Strategic detection of points with the greatest impact. Development of Action Plans and appointment of those to be in charge within the organization. Design of indicators, and then include them in corporate plans; these indicators are linked to performance. Follow-up. Incorporating assessment results into improvement analyses and plans; assessment is performed by outside evaluators of Corporate Sustainability and Responsibility throughout the year. CORPORATE RESPONSIBILITY COMMITTEE • • PRIMARY DUTIES: Analyzing areas of opportunity and detecting areas for improvement through processes for risk detection, needs, and concerns of our stakeholders. Defining the strategy for corporate social responsibility, approving the action plan, and establishing measurement systems with indicators. Supervising and following up on performance in social corporate responsibility, complying with all corresponding legislation in force. MEMBERS OF THE CORPORATE RESPONSIBILITY COMMITTEE: Scot Rank Karina Awad Alberto Sepúlveda Rafael Matute Mónica Loaiza Simona Visztová Renzo Casillo CODE OF ETHICS For Walmart de México y Centroamérica, integrity is our non-negotiable core value, and we always ensure that it permeates and governs all our activities. The following are some of the primary points covered in our Code of Ethics: . Non-discrimination • Conflicts of interest • • • • No gifts and gratuities Privileged information Inappropriate behavior Harassment Appropriate use of Company assets • Sexual harassment • No repercussions • • • Fair trade practices Financial integrity Anticorruption Walmart de México y Centroamérica's Ethics and Compliance area, which reports to the Executive Vice President and Chief Officer for Legal and Government Affairs for Mexico and Central America, is in charge of promoting a culture of ethical commitment and strict adherence to the statutes governing our Company, as well as taking care of the ethical cases presented. The Audit Committee periodically receives reports from this area. 2013 Financial and Social Responsibility Report 57 57
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