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Audit Committee

The Audit Committee is responsible for (1) reviewing the accuracy and integrity of quarterly and annual financial statements in accordance with accounting, internal control and auditing requirements; (2) for the appointment, compensation, retention and oversight of the independent auditor, who reports directly to the Audit Committee; (3) reviewing related party transactions other than in the ordinary course of our business; and (4) identifying and following-up on contingencies and legal proceedings. The Audit Committee has implemented procedures for receiving, retaining and addressing complaints regarding accounting, internal control and auditing matters, including the submission of confidential, anonymous complaints from employees regarding questionable accounting or auditing matters. To carry out its duties, the Audit Committee may hire independent counsel and other advisors. As necessary, the company compensates the independent auditor and any outside advisor hired by the Audit Committee and provides funding for ordinary administrative expenses incurred by the Audit Committee in the course of its duties.


Committee Members
Alexis E. Rovzar de la Torre Committee Chairman, Independent
Executive Partner
White & Case S.C.
Law Firm
Elected 1989
José Manuel Canal Hernando Financial Expert, Independent
Private Consultant
Elected 2003
Alfonso González Migoya   Independent
Chairman of the Board and Chief Executive Officer
Grupo Industrial Saltillo, S.A.B de C.V.
Industrial and Metallurgic Company
Elected 2006
Francisco Zambrano Rodríguez   Independent
Chief Executive Officer
Desarrollo de Fondos Inmobiliarios S.A. de C.V. (DFI)
Real Estate
Elected 2006
José González Ornelas Technical Secretary - Not a Member
Director of Management and Operating Control
FEMSA
Appointed to current position: 2001


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