The activity of the Board of Directors of Construcciones El Condor S.A. is oriented to comply with the provisions of the law and the bylaws; to set strategic and corporate objectives; to define the goals and the way to achieve them. In addition, the board must make decisions and follow up on the actions taken to achieve the intended objectives, in the pursuit of the best interest of shareholders by promoting mechanisms and instruments that guarantee the best treatment and attention to customers, suppliers, employees, shareholders and the community (Good Governance Code, article 22).
The Board of Directors is composed by seven members, five of which are independent members. All members complement each other's skills and experience in economic, legal, technical, administrative and strategy issues; none is a shareholder of significant clients or suppliers, nor do they exercise responsibilities in the political sphere.
The Board has the following support committees: Audit and Risk Management Committee; Committee for the Development of the Organization, Human Talent and Remuneration; Corporate Governance and Strategy Committee (Code of Good Governance, article 34).
The General Assembly of Shareholders approved the Remuneration Policy and the Succession Policy for the Board of Directors, which can be consulted at https://elcondor.com/en/investors/policies
Board of Director’s Regulations regulates, among others, the integration, election and schedule of meetings; the criteria for the election of the members of the Board of Directors; the internal structure and functions, and can be consulted at https://elcondor.com/en/investors/regulations
Declaration of Independence of Independent Members of the Board of Directors
Please find attached below, the candidates’ declarations of independence which comply in the terms of paragraph 2 of Article 44 of Law 964 of 2005.
Board of Directors 2020-2024
Distribution of Board members by age ranges
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Lawyer with experience in legal management in private companies and in entities with close ties to the public sector, both from a transversal and general perspective as head of legal teams. She currently serves as Vice President of Corporate Affairs and General Secretary of Almacenes Éxito.
Currently she does not hold any public office; She is a member of the Board of Directors of Fundación Éxito.
Public Accountant with a major in Finance and a master’s degree in business administration (MBA). Founding Partner of BEMOLES S.A.S., with knowledge in financial analysis, structured finance, methodologies for project formulation and monitoring, Corporate Governance, and microfinance.
Currently she does not hold any public office; she is member of the Board of Directors of Contructora APOTEMA.
Years in the Board of the Company: 2
Chairman of the Board.
Civil Engineer with a major in Finance. Businessman with extensive experience as a business consultant and member of Boards of Directors and Advisory Boards. In addition, he has held positions in Civil Engineering and College lectureship.
Currently he does not hold any public office; he is member of the Board of Directors of Valorar S.A. and Hotfill S.A.S..
Years in the Board of the Company: 2
Civil Engineer from Escuela de Minas of Universidad Nacional and Founding Partner of Construcciones El Condor. He has held a seat in the Board of Directors of ACIC, Camacol Antioquia, Concesion Santa Marta – Paraguachon, Concesion Autopista de los Llanos, Latinco and Odinsa.
Currently he does not hold any public office, nor is a member of other boards.
Years in the Board of the Company: 37
Civil Engineer, shareholder and permanent advisor to the company Arqclass SAS. He served as Manager of Arqclass Ltda from 2002 to 2010. He is a founding partner of Construcciones El Cóndor S.A. and worked in the company from its foundation until 2001. The last position he held in the company was Commercial and Equipment Manager.
Currently he does not hold any public office; He is a member of the Board of Directors of Fundación El Cóndor.
Civil engineer with extensive experience in infrastructure and management of urban and road infrastructure projects, in his work experience he has served as Independent Contractor, President of Saria SAS and Latinco S.A. and works coordinator at Construcciones El Cóndor. He has belonged to the boards of directors of ACIC Colombia, ACIC Antioquia, Odinsa and Construcciones El Cóndor.
Currently he does not hold any public office, nor is a member of other boards.
Administrative Engineer specialized in Corporate Finance at EIA. He held positions such as Investments Assistant of Grupo Condor Inversiones, Real Sector Analyst, International Trader and Commercial Advisor at Serfinco Comisionistas de Bolsa. He has held a seat in the Boards of several road concessions.
Currently he does not hold any public office; he is member of the Board of Concesión Ruta al Mar S.A.S., and alternate member of the Board of Directors of Concesión Vial de los Llanos S.A.S., Concesión Pacífico Tres S.A.S.
Years in the Board of the Company: 16
