Investor Presentaiton
102-24, 102-28
The nomination and selection of the highest gover-
nance body is carried out by the Shareholders' Mee-
ting. The criteria used to nominate and select the hi-
ghest governance body members include:
0
Stakeholder participation (including sharehol-
ders).
Members' independence.
Members' knowledge and experience in econo-
mic, environmental, and social issues.
The process of delegating authority for economic,
environmental, and social issues from the highest
governance body to senior executives and other
team members is carried out through the Chief Exe-
cutive Officer, in agreement with the majority of
Board members. The actions to be taken are dele-
gated according to what is necessary for the proper
management of each issue, considering the business
functions of Planigrupo's different Departments. Se-
veral positions have been designated in the different
areas, the most involved being the Legal, Construc-
tion, Operations, and Finance areas. They all report di-
rectly to the highest governing body monthly. When
there is no Board of Directors, the Technical Commit-
tee meets. In the months when there is a Board of Di-
rectors, these matters are discussed directly at the
corresponding meeting.
The functions performed by senior executives and
the highest governance body include the following:
the development, approval and updating of the
organization's purpose,
value or mission statements,
strategies, and
policies and objectives related to economic, envi-
ronmental, and social issues.
The Meeting approves business indicators to be
achieved by the team annually and assigns the ful-
fillment of these metrics to different areas of the
company. Therefore, the highest governance body
and key executives' performance evaluation is ba-
sed on the achievement of all stipulated goals. Their
compensation is also linked to their fulfillment.
COMMITTEES
Executive and Investment Committee
Composed of management and 3 independent board
members - Meets monthly
Audit and Corporate Practices Committee
Composed of 3 independent directors - Meets quar-
terly
Compensation Committee
Composed of 3 independent board members - Meets
annually
Benefits of our corporate governance mode
Strengthens corporate governance
0
Better interaction between the Board of Direc
tors, Committees and Management.
Sophisticated investors can question the results
of external operating models employed by other
real estate companies.
Mitigates any potential conflict of interest
Internalization reduces the principal-agent pro-
blem.
Management compensation is better allocated
based on performance and long-term metrics.
Sustainability Report
29
29
CEO Commentary
Who we are
Our focus on ESG
Corporate
Governance
Business
Ethics
About this
report
GRI
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