Grupo Famsa’s positive performance rests on sound Corporate Governance practices. The Company’s operational execution seeks to be in compliance with the Code of Best Corporate Practices endorsed by the Mexican Stock Exchange and the Mexican banking watchdog (CNBV). This has resulted in the optimal functioning of the Company’s Board of Directors, which in coordination with the Audit Committee and the Corporate Practices Committee, is responsible for planning, approving and supervising all of the Company’s operations.