Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 179

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 179
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 provided by our board of directors or shareholders;  

  provide an annual report to the board in respect of accounting policies and their sufficiency, adequacy and consistency;  

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  request opinions from independent third party experts;  

  assist our board of directors in the preparation of reports for the annual shareholders’ meeting; and  

  hire or recommend auditors to shareholders and approve them.  

As of the date of this annual report, the audit committee
has at least one financial expert, José Luis Fernández Fernández, and is composed of three members.

The current members of our audit committee are:

  Name                               Title                              
  José Luis Fernández Fernández      Chairman and Independent Director  
  Joaquín Alberto Palomo Déneke      Independent Director               
  John A. Slowik                     Independent Director               

Mr. José Carlos Silva Sanchez-Gavito is the alternate
member of the audit committee.

Corporate Governance Committee

The LMV requires us to have a corporate governance committee,
which must be comprised of at least three independent members. The corporate governance committee was established in April 2023 as a result
of the 2023 Committee Restructuring Plan. We believe that all of the members of the corporate governance committee are independent under
the LMV and Exchange Act Rule 10A-3.

The corporate governance committee’s principal duties
are to:

  call shareholders’ meetings and request the inclusion of matters in the agenda;  

  supervise and report on the performance of our chief executive officer and render opinions to our board of directors regarding his  

  supervise and report on the performance of our officers to our board of directors and render opinions to our board of directors regarding  

  submit proposals to the board of directors relating to the nomination or removal of officers within the first two corporate levels;  

  propose the remuneration schemes of the first four corporate levels of the Company or those determined by it, for approval of the  

  assist our board of directors in the preparation of reports for the annual shareholders’ meeting;  

  consult with third-party experts in connection with any issues related to compensation, organizational development, and other related  

  propose to the board of directors the adoption, modification or termination of any incentive plan for employees of the Company;  

  propose to our board of directors the entering into, amendment or termination of any collective bargaining agreements;  

  inform our board of directors of relevant labor contingencies;  

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  provide an annual report