Support Committees
| Committee | Objective | Integration | Roles and Responsibilities |
|
Audit Committee
Frequency of Meetings:
At least once every three months - - |
Body of support, control and monitoring of the policies, procedures and controls, with sufficient capacity to recommend and set compliance deadlines to Senior Management on issues related to internal control, opportunity, fairness, integrity, confidentiality and security of accounting information, means of storage, process, communication and backup of information in general and of any other aspect assigned by the Board of Directors in a timely manner. |
- Four Regular Members
of the Board. - Guests: - General Manager and Deputy Manager. - Chief Financial Officer. - Internal Auditor and Head of Risk. |
As detailed in article 25 of SUGEF 16-16 agreement. |
|
Compliance Committee
Frequency of Meetings:
At least once every three months. - |
Collegial support body of managing, consultative and verification nature assigned to the Board of Directors and aimed at the verification, strengthening, support and monitoring of the duties carried out by the Compliance Officer |
Four Regular Members of
the Board. - An alternate member. - Guests: - Deputy Manager. - Internal Auditor and Head of Risk. |
As detailed in article 33 of the SUGEF 12-10 Agreement and the Enforcement Manual of the Financial Group |
|
Credit Committee
Frequency of Meetings:
At least three times per month.. - |
It is established with the purpose of approving any credit facility, in colones or dollars, up to the maximum amount in accordance with the guidelines approved by the Board of Directors, ensuring compliance and application of the Bank's credit policies and regulations, as well as the regulations in force. |
- Four Regular Members
of the Board. - Guests: - Internal Auditor and Head of Risk. - Business, Credit Analysis and Finance Managers. |
As detailed in the General Credit Policy and the Rules of Operations of the Credit Committee |
|
IT Committee
Frequency of Meetings:
At least once every two months. - |
It is constituted as an advisory and coordinating body in matters of technology and IT management for the Financial Group. |
- Three Regular Members
of the Board. - Guests: - Deputy Manager. - Internal Auditor and Head of Risk. - IT Manager and Chief Financial Officer. - Head of Process Management. - External Advisor. |
As detailed in the IT Rules of Operations |
|
Risk Committee
Frequency of Meetings:
At least once every two months.. - |
Body regulated by the SUGEF 2-10 "Comprehensive risk regulation" agreement, with capacity to review, analyze and make decisions about the risks of the entity considering the opportunity and convenience criteria. It must ensure compliance with the policies, objectives and guidelines on administration of the relevant risks for the entity. |
- Five Regular Members of
the Board. - An alternate member. - Guests: - Deputy Manager. - Internal Auditor. - Chief Financial Officer. |
As detailed in article 13 of SUGEF 2-10 agreement |
|
Nominations Committee
Frequency of Meetings:
Whenever required by the
General Shareholders
Meeting or by its President. - |
It is responsible for identifying and nominating the candidates to the Management Body, taking into account the criteria and provisions as established in the agreement SGF 16-16 "Regulation on corporate governance" and this code of Corporate Governance | - Two regular members of the Board. | As detailed in the Rules of Operations of the Nominations Committee. |
|
Remunerations Committee
Frequency of Meetings:
Whenever required by
the General Shareholders
Meeting or by its President. - |
Responsible for overseeing the design and operation of the incentives systems of the subsidiaries of the Group. | - Two regular members of the Board. | As detailed in the Rules of Operations of the Remunerations Committee. |
