02
Corporate Governance

Our Company adopts as Corporate Principles: Equality, Respect, Transparency and Responsibility for all its actions and management of its governance bodies, top management, and its employees

A culture based on
CORPORATE TRANSPARENCY

Our Company, as a direct subsidiary of SURA AM (SURA Asset Management) and in turn, of Grupo de Inversiones SURAmericana S. A. (Grupo SURA), adopts as Corporate Principles: Equality, Respect, Transparency and Responsibility for all its actions and management of its governance bodies, top management, and its employees; resulting in the ethical sustainment of our organizational culture, taking into account the context of all applicable local regulations.

Afore SURA has the appropriate mechanisms, such as those legally required, and the best practices for its shareholders to be able to communicate and send its recommendations to the Board of Directors, which in turn are cascaded to all Company employees.

Independent Director Contributions in Afore SURA

Of 100% of the independent members of the Board of Directors for Afore SURA, the percentage of independent contributions are:

Regulations establish that 40% of the members of the Board of Directors must be Independent. Afore SURA exceeds minimum requirements within the Board of Directors.

S&P Global
Independence Criteria

In keeping with S&P Global independence criteria, all our members on the Board of Directors meet the requirements:

  • The administrator shall not have been employed by the company as an executive in the past year.
  • The Director may not be a "family member of anyone employed by the Company or by any headquarters or company subsidiary as an executive."
  • The Director may not be (and may not be affiliated to a company which is) an advisor or consultant to the Company or a member of top management for the Company.
  • The Director may not be affiliated to a significant customer or supplier for the Company.
  • The Director may not have personal service contracts with the Company nor be a member of top management of the Company.
  • The Director may not be affiliated to any not-for-profit entity that receives significant contributions from the Company.
  • The Administrator may not have been a partner or employee of the independent auditor for Company during the last year.
  • The Director may not have any other conflict of interest that the Board itself deems that the Director is not to be considered independent.


Important indicators for the Afore SURA Board of Directors in 2024
1
Woman on the Board of Directors.
100%
Attendance to Board sessions by its members.
8
Independent members on the Board of Directors, as per S&P Global criteria for independence (100%).
5
Sessions of the Board of Directors held in 2024.
56
Average age of members of the Board of Directors.


The information included in this chapter is aligned with the following SDGs:


LINKS

Corporate Governance | SURA México
Code of Conduct and Ethics | SURA México
 
Appendix to the Annex for SURA Asset Management