Committees

Compañía de Minas Buenaventura S.A.A. has the following committees:

  • Audit Committee
  • Remuneration Committee/li>
  • Nominations Committee
  • Good Corporate Governance Committee

Each Committee is governed by internal regulations, which describe its specific responsibilities, duties, and authority. The full Board of Directors is in charge of reviewing and approving these regulations, as well as the conclusions reached by these committees in their specific areas of competence. Each Committee, acting through its Chairman, shall regularly inform the full Board of Directors about the activities implemented.

1. Composition

The Audit Committee shall consist of three (3) directors appointed by the Board of Directors.

2. Purpose

The Audit Committee is responsible for assisting the Board of Directors in the supervision of (a) the integrity of the financial statements and the internal control of the Company; (b) the Company’s compliance with the legal and regulatory requirements applicable in the areas where it is active; (c) the compliance with the Company’s accounting policies; (d) the performance, qualifications, and independence of the independent auditors; and (e) the actions of the Company’s Internal Auditing Department.

1. Composition

The Remuneration Committee consists of three (3) independent directors selected by the Board of Directors.

2. Purpose

Recommend, evaluate, and approve the remuneration of the Managers, assessing their performance and making recommendations to the Board of Directors regarding remunerations in general. The Board of Directors shall have the final decision on whether or not to approve said recommendations.

1. Composition

The Nominations Committee consists of the entire Board of Directors.

2. Purpose

The purpose of the Nominations Committee is to propose and evaluate the Directors, General Manager, and other managerial staff.

1. Composition

The Good Corporate Governance Committee consists of the entire Board of Directors.

2. Purpose

This Committee is responsible for monitoring corporate governance practices and proposing actions to improve them.