Board of Directors and the Board’s permanent Committees
What is the role of the Board of Directors of AMV and who are its members?
he Board of Directors of AMV is the body that represents the interests of the self-regulated entities. Its purpose is to make strategic decisions, reach agreements on the rules of the game, and establish guidelines that promote best market practices and investor protection.
It has 10 members, five of them independent and five from the industry, elected by the self-regulated members and the associates. They are appointed for two-year terms in a stepped manner, so that each year, five members reach the end of their terms.
Clara Elena Reales Gutiérrez – Vice chair
Shenny Angélica González Uribe
Alejandro Vera Sandoval
Germán Arce Zapata
Beatriz Arbeláez Martínez
Andrés Escobar Arango – Chair
Diego Jiménez Posada
Luis Fernando Cruz Araujo
David Salamanca Rojas
Carlos Pombo Vejarano
The main function of the Regulation Committee is to evaluate proposed regulations and make appropriate recommendations to the Board of Directors; study new market situations that may require issuing new self-regulation rules; request the CEO of AMV to prepare and submit proposals and review regulatory initiatives of other public and private entities.
The main duty of the Financial and Audit Committee is to ensure that AMV has the resources it needs to adequately perform its duties, that the revenue and expense budgets of AMV are met, and that AMV’s goods and resources are adequately managed. It is also responsible for supervising the operation of the organization’s internal control system. This Committee will convene at least once each quarter.
The main function of the Admissions Committee is to review requests for admission as members or associates of AMV and submit recommendations in this regard to the Board of Directors. This Committee also recommends policies for the implementation and development of the functions of AMV derived from the application of the Securities Market Integrated Information System.
The Corporate Governance and Nominations Committee is a permanent body created to support and advise the Board of Directors in the fulfillment of its duties.
The main function of the Corporate Governance and Nominations Committee is to oversee compliance with the bylaws and regulatory provisions related to the entity’s governance, and to assess whether the candidates proposed to the Disciplinary Commission fulfill the established requirements for the position.
