Annual General Shareholders Meeting

Schedule
1. Approval of the 2019 Annual Report 2. Approval of the Financial Statements for the year ended on December 31, 2019

Remuneration Policy for the Board of Directors

The Company’s Bylaws (Article Thirty) establish that the Board of Directors shall receive a retribution not to exceed four percent (4%) of the profits obtained in each fiscal year after having deducted the employees’ profit sharing, the taxes, the reinvestment of profits with tax benefits and the legal reserve, in an amount to be ratified by the Annual Shareholders’ Meeting, upon approval of the balance sheet, the taxes, the reinvestment of profits with tax benefits and the legal reserve.

The present policy establishes that the annual remuneration of each Board Member will not exceed US$ 300,000 or be less than US$ 150,000; even in the cases of annual exercises in which profits are not obtained.

It is proposed to modify articles 14 °, 18 °, 23 ° and 28 ° of the Bylaws, to allow the holding of remote Shareholders Meetings.

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The approval of the modification of the Board Compensation Policy will be proposed to the Annual Shareholders Meeting to be held on March 31, 2020.

Remuneration Policy for the Board of Directors

The Company’s Bylaws (Article Thirty) establish that the Board of Directors shall receive a retribution not to exceed four percent (4%) of the profits obtained in each fiscal year after having deducted the employees’ profit sharing, the taxes, the reinvestment of profits with tax benefits and the legal reserve, in an amount to be ratified by the Annual Shareholders’ Meeting, upon approval of the balance sheet, the taxes, the reinvestment of profits with tax benefits and the legal reserve.

The present policy establishes that the annual remuneration of each Board Member will not exceed US$ 300,000 or be less than US$ 150,000; even in the cases of annual exercises in which profits are not obtained.

Without prejudice to the provisions of the preceding paragraph, at the request of the Compensation Committee, the Board of Directors may approve the payment of additional annual remuneration to some of the members of the Board of Directors who perform special functions and / or responsibilities, which may not exceed twice of the annual remuneration that each member of the Board of Directors receives, in the same year, in accordance with the provisions of the preceding paragraph.

  • Ernst and Young (Paredes, Burga y Asociados) as External Auditors for Fiscal Year 2019.

1. Roque Benavides
2. Felipe Ortíz de Zevallos
3. Nicole Bernex
4. William Champion
5. Diego de La Torre
6. José Miguel Morales
7. Marco Antonio Zaldívar

www.buenaventura.com/es/inversionistas/directorio-y-gerencia
* POWERS OF REPRESENTATION FOR THE ANNUAL GENERAL MEETING * ANNOUNCEMENT Informative document GENERAL SHAREHOLDERS MEETING REGULATION