BOARD OF
DIRECTORS
The management of the Company is overseen by the Board of Directors.
Membership and frequency:
- Members are appointed each year by the General Ordinary Shareholders’ Assembly
- Independent directors should make up a minimum of 25% of all directors
- Minority shareholders, whose shares represent a minimum of 10% of owners’ equity for the Company, have the right to choose a Director and the corresponding Alternate Director, both of which may only be removed when the other members of Board of Directors are also removed
- The Board of Directors meets at least four times a year
Other practices:
- The Board evaluates the performance of each Director
- Independent Directors are experienced in the main line of business of the Company
- The Board has access to independent advisers
- The Chairman of the Board is neither allowed to act as Secretary nor to preside over any Board Committees
The Board of Directors obtains the support of two Committees for its duties; said committees must conduct in-depth analysis of subjects pertaining to its field of expertise and offer recommendations to the Board so it may study the information and make the right decision, creating value for our shareholders and stakeholders.
Note: Wal-Mart de México, S.A.B. de C.V. held its Annual General Ordinary Shareholders’ meeting on March 31, 2016 and the integration of the new Board of Directors was determined with no alternate directors:
