To better perform its functions, the Board of Directors has 4 Advisory Committees composed of board members, namely (i) People and ESG Committee; (ii) Audit, Compliance and Risk Committee; (iii) Result and Finance Committee; and (iii) New Business Committee.
These Committees aim to create value for the Board of Directors by improving the quality of decision-making with greater efficiency and agility. The Committees do not have executive roles or decision-making power. Therefore, they support the Board of Directors’ decision-making process by expressing opinions and making recommendations.
The themes within the scope of the Committees are as follows:
People and ESG Committee: (4 members)
- Governance Model (Company Bylaws, Charter of the Board of Directors and its Advisory Committees, Policies, structure and organization);
- Assessment of the functioning of CCR’s Board of Directors and compliance of the members appointed to the Board with the Appointment Policy;
- Compensation policy;
- Leadership succession plan;
- People processes, cultural alignment and organizational climate management;
- Master Plan covering initiatives focused on ESG; and
- Short and mid-term ESG global trends.
Audit, Compliance and Risk Committee (Statutory): (5 members)
- Accounting and legal standards;
- External audit;
- Internal audit;
- Internal controls;
- Compliance matters;
- Integrated risk map and risk management process; and
- Related parties (pursuant to the Related-Party Transaction Policy, with the setting up of an ad hoc committee, if necessary).
Result and Finance Committee: (6 members)
- Financial policies on key matters like liquidity, indebtedness, financial leverage level, market risk exposure, and dividends;
- Five-year budget planning and long-term trends;
- Monitoring of results and cash flow;
- Business management (regulatory, investment, corporate and legal); and
- Capital structure and fundraising.
New Business Committee: (4 members)
- New pipeline opportunities in the primary and secondary market;
- Current business opportunities covering new investments, extension of concessions, or divestments; and
- Innovation strategy.