Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 232

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 232
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 to the LMV and our by-laws, the board of directors
must approve, among other matters:

  our general strategy;  

  the monitoring of our management and that of our subsidiaries;  

  with the prior opinion of the audit committee: (i) related party transactions, subject to certain limited exceptions, (ii) our internal     

  with prior opinion from the corporate governance committee: (i) the appointment, election and, as the case may be, removal of the               
  Chief Executive Officer of the Company, his integral compensation, and the policies for appointing and compensating other officers immediately  
  below the Executive Officer; (ii) the appointment of provisional directors in accordance with, and subject to, the provisions of the LMV;       
  and (iii) the terms and conditions of a judicial agreement to conclude any liability actions started against a director for breach of           
  the duties of loyalty and care;                                                                                                                 
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  calling shareholders’ meetings and taking action based upon their resolutions;  

  the annual submission to our general shareholders’ meeting of (i) the chief executive officer’s report and (ii) the  

  creation of special committees and granting authority to such committees, provided that the committees will not have the authority  

  determining how to vote the shares that we hold in our subsidiaries; and  

  policies for disclosure of information.  

  137  

  Table of Contents  

Our by-laws provide that meetings of our board of directors
are validly convened and held if a majority of the members or their respective alternates are present. Resolutions passed at these meetings
will be valid if approved by a majority of the disinterested members of the board of directors ( i. e., members that do not have
a conflict of interest). The chairman of the board of directors will not have a tie-breaking vote.

Meetings of our board of directors may be called by (i) 25.0%
of our board members, (ii) the president of the board of directors, and (iii) the president of the audit or the corporate governance
committee.

Duty of Care and Duty of Loyalty

The LMV imposes duties of care and loyalty on directors.

The duty of care generally requires that our directors obtain
sufficient information and be sufficiently prepared to act in our best interest. The duty of care is discharged, principally, by (i) requesting
and obtaining