Governance

Alpek’s governance practices are based on three points: ethics, transparency and respect for customers, employees, shareholders, suppliers and all other stakeholders. The company is committed to aligning the interests of its shareholders with ethical and competitive actions, adding value to its business.

Alpek Polyester is part of the Alpek group, which has shares traded on the Mexican Stock Exchange (BMV) and, for this reason, needs to disclose once a year the extent to which they comply with the Code of Best Business Practices (CMPC), responding to a questionnaire that is available to the investing public.

Alpek’s corporate governance principles:

  • 01 The Board of Directors is made up of nine full members, with no alternates. Of these, four are independent directors, four are related asset directors and one is an independent asset director.
  • For the performance of its duties, the Board of Directors receives support from the Audit and Business Practices Committee. An independent director serves as chairman of the Committee.
  • The Board of Directors meets every three months. Board meetings may be called by agreement of the Chairman of the Board, the Chairman of the Audit and Business Practices Committee, the Secretary or at least 25% of its members. At least one meeting per year is dedicated to defining the company's medium and long-term strategy.
  • The directors inform the President of any conflict of interest that arises and refrain from participating in the corresponding deliberations.
  • The Audit and Corporate Practices Committee studies and issues recommendations to the Board on matters related to auditing matters, such as: the selection and determination of the external auditor's fees, coordination with the company's internal audit area and the study of accounting policies, between others.
  • In addition, the Audit and Corporate Practices Committee presents recommendations to the Board on matters related to corporate practices, such as: conditions for hiring high-level executives, payments for its separation policy and compensation, among others.
  • The Company has internal control systems, the general guidelines of which are presented to the Audit and Business Practices Committee for its opinion. In addition, the external audit office validates the effectiveness of the internal control system and issues reports on it.
  • The Board of Directors relies on the Administration and Finance Division for the following topics: investment viability, strategic positioning of the company, congruence of investment and financing policies and review of investment projects. This in coordination with the Finance and Planning area of the parent company, Alfa, S.A.B. from C.V.
  • Alpek has an area specifically in charge of maintaining its communication with its shareholders and investors. The objective is to guarantee that they have the financial information and other data necessary to evaluate the progress that the company has in the development of its activities. For this function, press releases, announcements of relevant events and conference calls are used to disclose quarterly results, stock exchange meetings, internet pages, among other communication mechanisms.
  • Alpek promotes a socially responsible society, complying with the recommendations of its parent company, Alfa, S.A.B. from C.V. It has a mission, vision and values, as well as a code of ethics that is promoted within the organization.

Governance

Alpek’s governance practices are based on three points: ethics, transparency and respect for customers, employees, shareholders, suppliers and all other stakeholders. The company is committed to aligning the interests of its shareholders with ethical and competitive actions, adding value to its business.

Alpek Polyester is part of the Alpek group, which has shares traded on the Mexican Stock Exchange (BMV) and, for this reason, needs to disclose once a year the extent to which they comply with the Code of Best Business Practices (CMPC), responding to a questionnaire that is available to the investing public.

Alpek’s corporate governance principles:

  • 01 The Board of Directors is made up of nine full members, with no alternates. Of these, four are independent directors, four are related asset directors and one is an independent asset director.
  • For the performance of its duties, the Board of Directors receives support from the Audit and Business Practices Committee. An independent director serves as chairman of the Committee.
  • The Board of Directors meets every three months. Board meetings may be called by agreement of the Chairman of the Board, the Chairman of the Audit and Business Practices Committee, the Secretary or at least 25% of its members. At least one meeting per year is dedicated to defining the company's medium and long-term strategy.
  • The directors inform the President of any conflict of interest that arises and refrain from participating in the corresponding deliberations.
  • The Audit and Corporate Practices Committee studies and issues recommendations to the Board on matters related to auditing matters, such as: the selection and determination of the external auditor's fees, coordination with the company's internal audit area and the study of accounting policies, between others.
  • In addition, the Audit and Corporate Practices Committee presents recommendations to the Board on matters related to corporate practices, such as: conditions for hiring high-level executives, payments for its separation policy and compensation, among others.
  • The Company has internal control systems, the general guidelines of which are presented to the Audit and Business Practices Committee for its opinion. In addition, the external audit office validates the effectiveness of the internal control system and issues reports on it.
  • The Board of Directors relies on the Administration and Finance Division for the following topics: investment viability, strategic positioning of the company, congruence of investment and financing policies and review of investment projects. This in coordination with the Finance and Planning area of the parent company, Alfa, S.A.B. from C.V.
  • Alpek has an area specifically in charge of maintaining its communication with its shareholders and investors. The objective is to guarantee that they have the financial information and other data necessary to evaluate the progress that the company has in the development of its activities. For this function, press releases, announcements of relevant events and conference calls are used to disclose quarterly results, stock exchange meetings, internet pages, among other communication mechanisms.
  • Alpek promotes a socially responsible society, complying with the recommendations of its parent company, Alfa, S.A.B. from C.V. It has a mission, vision and values, as well as a code of ethics that is promoted within the organization.

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