Corporate Governance
Pei Asset
Management
Our corporate governance framework is designed to ensure a disciplined management, aligned with the best market practices and focused on the generation of sustainable value.
Governing bodies
Shareholders General Assembly
This is Pei Asset Management’s highest governing body, where the shareholders review and approve the company’s financial results and management performance, as well as any strategic decisions that, given their nature or scope, require its authorization.
Board of Directors
This body is responsible for strategically guiding the company’s management and overseeing its management’s performance. It consists of three principal members appointed by the Shareholders General Assembly for one-year terms, automatically renewable for successive equal periods, as provided for under with the company’s bylaws.
As part of our corporate governance architecture, we have several specialized committees that support the oversight and monitoring of matters relevant to the company’s management and the real estate investment alternatives we manage.
Audit Committee
Oversees the effectiveness of the internal control system, the internal audit plan, and the follow-up on any findings resulting from the audits.
Ethics Committee
Monitors compliance with the Code of Conduct, manages the complaints received through the Ethics Mailbox, and addresses any potential conflicts of interest or situations related to the Transparency and Business Ethics Program.
Sustainability Committee
Supports the implementation of sustainable practices and monitors the progress of the corporate sustainability model.
Procurement Committee
Promotes fairness and transparency in the procurement processes and oversees compliance with the company’s procurement policy.
Counterparty Portfolio and Risk Management Committee
Monitors the status of Pei’s portfolio, manages the follow-up activities on counterparties, and oversees the processes associated to the compliance with the policies on receivables.
Audit and oversight
Internal audit
We have a team that regularly reviews the company’s processes and Pei’s management, verifying the policies compliance and the controls effectiveness.
Statutory audit
Performed by an independent firm that is responsible for assessing the financial situation and ensuring compliance with the legal provisions and the information’s reliability.
Compliance programs
The Compliance Officer is responsible for the design, implementation, and oversight of the company’s compliance program, including:
The Business Transparency and Ethics Program (BTEP).
The Comprehensive Self-Control and Risk Management System on Money Laundering and Terrorist Financing (SAGRILAFT).
These programs establish guidelines aimed at promoting integrity, transparency, and compliance with applicable regulations.