AUDIT COMMITTEE

 

 

The Audit Committee is an internal committee required by the Securities Market Law whose members are appointed by the Board of Managers and such designations shall select persons skilled in the art as well as extensive experience in the industry. This Committee will be subject to the rules of integration and operation issued by the Board of Managers and will have the following powers:

 

I. Monitor compliance of operational and prudential applicable to the Company and its reciprocal debtors;

 

II. Require to Agents all those documents or records which are necessary to develop the authority outlined in the previous section;

 

III. In those cases which are considered as necessary, order a special audit to agents;

 

IV. Placing the analysis of the Disciplinary Committee cases of violations of regulations, and;

 

V. Those powers expressly reserved to that body in the internal regulation of the Company.