This material references Disclosure 102-7 of GRI 102: General Disclosures 2016
Our shares are listed on the Mexican Stock Exchange under the ticker symbol "CHDRAUI" since April 30, 2010.
As of December 31, 2020, the Company’s stockholders’ equity was comprised of 963,917,211 ordinary, nominative series B shares with no par value, of which 15.3% are floating.
The Chedraui family collectively, including shares held directly and through a trust (holding 510 million shares), holds 807,653,541 shares or 84.6% of the equity of Grupo Comercial Chedraui, S.A.B. de C.V.
|Retail in Mexico||Retail in the United States||Real Estate Division|
Our key executive officers receive a fixed salary as well as a variable remuneration that is based on their performance, responsibility, fulfillment of the objectives laid out in Grupo Chedraui’s strategic plan, and the Company’s financial results.
|Name||Position||Date of Appointment|
|Alfredo Chedraui Obeso||Chairman||05/04/2010|
|José Antonio Chedraui Obeso||Related Director||05/04/2010|
|José Antonio Chedraui Eguía||Related Director||02/02/1995|
|Agustín Irurita Pérez||Independent Director||23/02/2000|
|Martín Werner Wainfeld||Independent Director||03/04/2017|
|Federico Carlos Fernández Senderos||Independent Director||06/06/2008|
|Clemente Ismael Reyes-Retana Valdés||Independent Director||17/04/2009|
|Cecilia Goya Meade||Independent Director||04/04/2016|
|Julio Gutiérrez Mercadillo||Independent Director||09/04/2013|
|María Novales Flamarique||Independent Director||03/04/2019|
|José Ramón Chedraui Eguía||Secretary of the Board||01/01/2009|
Composed of 4 independent directors, its main functions are the following:
We fully comply with the standards of independence and financial expertise established in the Mexican Stock Market Law by having at least three independent directors on our Audit and Corporate Practices Committee, including a member qualified as a financial expert.
Chaired by the Deputy Director of Internal Audit and comprised of a number of key executives, the Risk Assessment Committee meets every four months, with the purpose of assessing the risks to which Chedraui is subject and thus recommending the best approach to handle them.
The Risk Assessment Committee is composed of:
To ensure the proper execution of our sustainability initiatives, we established a committee to oversee the progress made towards our goals, with the main objective being the reduction of our carbon footprint.
The Diversity and Inclusion Committee is a multidisciplinary team tasked with identifying, developing, and promoting strategies, programs and initiatives aimed at fostering an inclusive, trusting, and respectful environment within the company, free of discrimination, harassment, bullying, and equal opportunity.
Among the activities carried out by the Diversity and Inclusion Committee are the following:
The Diversity and Inclusion Committee is made up of the following members:
|Name||Position in the Company||Position in the Committee|
|José Antonio Chedraui Eguía||Chief Executive Officer||Committee Chairman|
|Humberto Tafolla Núñez||Deputy Chief Executive Officer of Administration and Finance, Human Resources and IT||Sponsor|
|Arturo Vasconcelos y de Pablo||Deputy Chief Executive Officer of Commercial, Operations and Logistics||Sponsor|
|María del Pilar Rojas Suarez||Director of IT||Sponsor|
|Alberto Nava Gutiérrez||Director of Operations||Sponsor|
|Sergio Estrada Rentería||Director of Human Resources||Sponsor|
|María De Lourdes Aguilar Pérez||Senior Manager of Human Resources / Mexico City Office||Member|
|José Armando Corona Orta||Deputy Director of Talent Planning and Training / Xalapa Office||Member|
|Maricela Liahut Franco||Regional Director of Operations, Veracruz Zone / Stores||Member|
|María Christian Marín Millán||Deputy Corporate Director of Operations / Xalapa Office||Member|
|Arní Mauricio López Moreno||Labor Relations Manager / Xalapa Office||Member|
|Name||Position in the Company||Position in the Committee|
|Anabel Cruz Martínez||Deputy Director of Omnichannel / Mexico City Office||Member|
|José Carlos Meza Alvarado||Demand Planning and Replenishment Manager / Mexico City Office||Member|
|Natalia Trejo Juárez||Commercial Strategy Leader at Supercito / Stores||Member|
|Edgar Eduardo Barrera Peña||Deputy of Maintenance / Mexico City Office||Member|
|Julieta Montaño||Deputy Manager of Design and Content / Mexico City Office||Member|
|Luis José Del Castillo González||Human Resources Manager / Distribution Centers||Member|
|Mario Viveros Castillo||Regional Manager of Operations, Mexico City Zone / Stores||Member|
|Erika María Flores Rivera||Manager of Distribution Centers||Member|
Chedraui is founded on solid ethical values that have allowed us to achieve sustainable growth since its inception. In this regard, our Code of Ethics clearly establishes the principles of conduct by which all our employees, suppliers, and service providers must abide.
This code encompasses all the ethical standards and conducts that must be followed throughout our operations, as well as guiding how our employees should act in the event of any situation that is not duly covered in the code.
Likewise, the commitments we have made to our stakeholders are outlined, highlighting our absolute commitment to fair, honest, transparent, and respectful treatment, free from discrimination based on religious, ethnic, gender, sexual, and political reasons, among others.
To ensure that our employees are fully familiar with the code of ethics and thus comply with its policies, we constantly share and promote the code, with special emphasis on the importance of reporting any act that goes against them. In this way, we honor our commitment to the prevention of criminal acts and any form of corruption such as bribery, money laundering, and embezzlement, among others.
To guarantee full knowledge of the code of ethics among our employees, and thus compliance with its policies, we constantly disseminate and promote the code with special emphasis on the importance of reporting any act that goes against them. In this way we fervently promote our commitment to the prevention of criminal acts and any form of corruption such as bribery, money laundering and embezzlement, among others.
In this sense, any person who aspires to join us must sign a letter of commitment to the Code of Ethics during the induction course.
Our executive officers, in turn, reaffirm their commitment every year by signing a document in which they adhere to the Code of Ethics and are obliged to comply with all our corporate policies.
We have an anonymous whistleblower mechanism where any issue reported is followed up accurately and quickly. Employees, suppliers, and carriers may visit the website www.tipsanonimos.com/chedrauiteescucha or call at 01-800-910-0013. Customers may contact our Call Center at 01-800-925-1111 or visit our website www.chedraui.com.mx.
Any employee who infringes our Code of Ethics will be sanctioned accordingly, based on the severity of the breach and damage caused as established in the Disciplinary Guidelines.
Anti-Corruption Practices: We are committed to promote anti-corruption practices among our executives, commission agents, suppliers, employees, customers, and any other person acting on our behalf, seeking to prevent them from making an offer or promise to deliver any object of value in exchange for a personal benefit. They shall also refrain from making any bribe or any other improper payment to any public official, political or third party, with the aim of gaining or securing business, taking an improper advantage, or influencing any act or decision.
Travel Expenses Policy: Determines how employees or executives should act when offered or requested travel, tickets, or any other form of entertainment directly or indirectly from any third party with whom they have or intend to have a business relationship.
Gifts and Presents Policy: Establishes clear guidelines to regulate the receipt or acceptance of gifts, meals, tickets, events, or other forms of entertainment directly or indirectly from any third party with whom any employee or executive has or intends to have a business relationship.
Policies to Prevent Fraud and Money Laundering: Grupo Chedraui and its subsidiaries must comply with multiple legal provisions applicable to the economic activity it performs, particularly those regulations that protect the financial system and the national economy, such as the detection and identification of vulnerable activities that could involve resources of illicit origin.
Conflict of Interest: The Company and its employees must avoid conflicts of interest that may arise when a person is or may be influenced by personal considerations (usually economic) when making decisions that put the Company's assets at risk. Likewise, they must refrain from using insider financial information for their own benefit, including the benefit of a direct or indirect family member, or third parties, that damage the assets of the Company, its shareholders, or negatively affect its customers.