Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 205

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 205
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 internal controls, our internal audit and their adequacy;
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·   supervise the execution of related party transactions and transactions representing 20% or more of our consolidated assets being undertaken
                                                            pursuant to applicable law;                                                        
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·   render its opinion to the board of directors regarding transactions with related parties;
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·   request reports from our executive officers or independent experts whenever it deems appropriate;
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·   investigate and inform the board of directors of any irregularities that it may encounter;
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·   receive and analyze recommendations and observations made by the shareholders, members of the board of directors, executive officers
                                             or any third party and take the necessary actions;                                         
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·   supervise compliance by our chief executive officer of instructions provided by our board of directors or shareholders;
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·   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;
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·   assist our board of directors in the preparation of reports for the annual shareholders’ meeting; and
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·   hire or recommend auditors to shareholders and approve them.
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 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;
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·   supervise and report on the performance of our chief executive officer and render opinions to our board of directors regarding his
                                    nomination, election, removal, compensation, and related policies;                                
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·   supervise and report on the performance of our