Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 178

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 178
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 increases where preemptive rights have been excluded or limited;
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●   giving an opinion regarding transactions with related parties in certain cases;
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●   supervising internal control systems and verifying the fulfillment of norms of conduct; and
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●   giving an opinion regarding the Board of Directors’ proposal to designate external auditors and evaluating their independence, among others.
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Additionally, according to the Regulation for the Implementation of the Audit Committee, the Audit Committee also reviews the plans of internal auditors, supervising and evaluating their performance. The Audit Committee also oversees our cybersecurity risk management process, see “Item 16K—Cybersecurity.”
On April 25, 2024, Telecom Argentina’s Board of Directors appointed Mr. Carlos Alejandro Harrison, Mr. Martín Hector D’Ambrosio and Mr. Ignacio Cruz Moran as members of Telecom Argentina’s Audit Committee. Furthermore, the Board of Directors determined that Mr. Harrison qualifies as the audit committee Financial Expert under SEC guidelines.
Under SEC, NYSE and CNV regulations, Mr. Carlos Alejandro Harrison, Mr. Martín Hector D’Ambrosio and Mr. Ignacio Cruz Moran qualify as independent directors.
As of the date of this Annual Report, the Board of Directors’ meeting for the appointment of the Audit Committee members for the fiscal year 2025 has not yet been held.
Pursuant to Capital Markets Law No. 26,831, the Audit Committee may seek the advice of lawyers and other outside professionals at Telecom Argentina’s expense, so long as the shareholders have approved expenditures for the services of such professionals. For fiscal year 2024, a budget of P$128 million was approved for Audit Committee expenditures. As of the date of this Annual Report, the Annual Ordinary Shareholders’ Meetings approving the Audit Committee expenditures for year 2025 has not yet been held.
Risk Management Committee
In 2012, the Board of Directors of Telecom Argentina approved the implementation of an Enterprise Risk Management Process at Telecom, and the creation of a Risk Management Committee.
The Committee is composed of the CEO, CFO, Chief Audit & Compliance Officer and Finance Director. This Committee is chaired by the CEO and coordinated by the CFO. The Board of Directors of Telecom Argentina also approved the creation of the Risk Management function, which must be convened by the Finance Department and whose responsible person also serves as Secretary of the Risk Management Committee and reports to the CFO.
The duties of this committee include reviewing and implementing policies, mechanisms and procedures to identify,