Corporate governance practices were established at the time of the company’s incorporation through the selection of professional, independent Mexican and foreign Board members with significant experience in the real estate sector.
We have five operating committees which improve oversight and strengthen the business. We have built a platform to establish professional and transparent corporate governance that is reflected in our day-to-day operations and our culture. In 2004, CalPers, one of the largest pension funds in the United States, became an investor and occupied a position on the board. With the arrival of DEG, Broadreach and DEKA as investors in 2006 and 2007, our operations, reporting and corporate governance standards improved substantially. Our extensive experience, based on our association with corporate investors, has given us a comparative advantage in attracting investment and creating value for our shareholders.