AT IENOVA WE IMPLEMENT THE CODE OF PRINCIPLES AND BEST CORPORATE GOVERNANCE PRACTICES OF THE CCE, WHICH IN TURN IS ALIGNED WITH THE CORPORATE GOVERNANCE PRINCIPLES OF THE OECD AND THE G20.
BOARD OF DIRECTORS
CARLOS RUIZ SACRISTÁN
Chairman of the Board of Directors and Executive Chairman
since: July 2012
AGE: 71
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 3
AREAS OF EXPERTISE: Strategy, public affairs, management
Tania Ortiz Mena López Negrete
Member of the Board of Directors and Chief Executive Officer
since: January 2019
AGE: 51
SEX: Female
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 3
AREAS OF EXPERTISE: Commercial, international relations, business development, energy
Alberto Felipe Mulás Alonso
Member of the Board of Directors2
since: April 2017
AGE: 60
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 6
AREAS OF EXPERTISE: Public affairs, housing, corporate affairs, finances, banking
José Julián Sidaoui Dib
Member of the Board of Directors2
since: February 2017
AGE: 67
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: N/D
AREAS OF EXPERTISE: Corporate finances, public finances, monetary policy
Lisa Glatch
Member of the Board of Directors3
since: November 2020
AGE: 58
SEX: Female
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 0
AREAS OF EXPERTISE: Chemical engineering, management
Faisel Hussain Khan
Member of the Board of Directors
since: April 2018
AGE: 45
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 0
AREAS OF EXPERTISE: Financial analysis, risks, energy, investor relations
Aarón Dychter Poltolarek
Member of the Board of Directors2
since: March 2013
AGE: 45
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 2
AREAS OF EXPERTISE: Investment in infrastructure, transportation and energy, public affairs
Erle Allen Nye Jr.
Member of the Board of Directors
since: January 2019
AGE: 53
SEX: Hombre
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 0
AREAS OF EXPERTISE: Regulation, compliance
Randall Lee Clark
Member of the Board of Directors
since: April 2020
AGE: 51
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 2
AREAS OF EXPERTISE: Human resources, law, corporate governance
Jennifer Frances Jett
Member of the Board of Directors
since: July 2020
AGE: 47
SEX: Mujer
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 1
AREAS OF EXPERTISE: Law, corporate governance
Trevor Ian Mihalik
Member of the Board of Directors
since: july 2020
AGE: 54
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 2
AREAS OF EXPERTISE: Accounting, finances
Peter Ronan Wall
Member of the Board of Directors2
since: april de 2018
AGE: 49
SEX: Male
PARTICIPATION IN OTHER BOARD OF DIRECTORS AND/OR COMMITTEES1: 0
AREAS OF EXPERTISE: Accounting, finances, risks, audit
IENOVA’S BOARD OF DIRECTORS INCLUDES TWELVE PROFESSIONALS WHO CONTRIBUTE THEIR EXPERTISE AND KNOW-HOW TO ENSURE, AMONG OTHER FUNCTIONS, THAT THE COMPANY’S BUSINESS STRATEGY INCLUDES A SOLID VISION OF SUSTAINABILITY.
1 This includes the number of other board mandates in limited companies and companies that are publicly listed on the stock markets. To read the Board Directors complete biographies, please review our 2020 Annual Report. 2 Independent Director, in terms of the Mexican Securities Law, and member of the Audit Committee. 3 Member of the Corporate Practices Committee.
SENIOR
MANAGEMENT
CARLOS RUIZ SACRISTÁN
Chairman of the Board of Directors and Executive Chairman
Tania Ortiz Mena López Negrete
Chief Executive Officer
Carlos Mauer Díaz Barriga
Chief Financial Officer
René Buentello Carbonell
General Counsel and Chief Compliance Officer
Abraham Zamora Torres
Chief Sustainability, Corporate and Public Affairs Officer
Jesús Córdoba Domínguez
Chief Engineering & Construction Officer
Juan Rodríguez Castañeda
Chief Natural Gas Operating Officer
Carlos Barajas Sandoval
Chief Power & Storage Operating Officer
Jorge Molina Casellas
Chief Development Officer
Roberto Rubio Macías
Vice-President Controller
CORPORATE ETHICS
Our Code of Ethics includes the ethical values and standards that guide our actions and interactions with customers, employees, competitors, commercial partners, joint ventures, authorities, and the communities to which we belong. At IEnova, we are committed to always acting based on these values, which have contributed to the sustained success of the company.
We strive to ensure that all stakeholders with whom we have a contractual or work relationship apply and respect our Code of Ethics. To this end, 100% of our employees, suppliers, and contractors sign and commit to comply with the Code, as well as to uphold and respect the ethics guidelines we have established for our operations. Our Code of Ethics applies to everyone in our company; we demand compliance at every level of the organization, from the Board of Directors to baseline employees.
REPORTING MECHANISMS
For IEnova, it is very important to have pertinent, efficient, and trustworthy reporting mechanisms. We provide and maintain several reporting channels that operate 24/7.
These reporting channels are open to the public, including our employees, suppliers, and any other internal or external stakeholder.
Our IEnova Contigo Helpline is managed by an independent expert to ensure that reports are addressed impartially and to generate trust in the reporting party.
REPORTING PROCESS:
The complainant employs a reporting mechanism
The report is managed by an independent expert and channeled to the Ethics Committee
The Ethics Committee analyzes the report and in no more than 2 days assigns a team to investigate it
The investigation and resolution process takes 21 days; the term may be extended with prior authorization from the Chairman of the Committee
The Committee authorizes the closing of the investigation no more than 15 days after receiving the resolution
A quarterly report is sent to the Audit Committee
IN 2020, OUR CORPORATE ETHICS SYSTEM AND CAPABILITIES FOR PREVENTING CORRUPTION WERE EVALUATED BY THE INDEPENDENT AGENCY HR RATING WHICH GRANTED US A SCORE OF HR PAC2+. THIS IS THE HIGHEST SCORE THE AGENCY EVER GRANTED TO A COMPANY OR ORGANIZATION IN OUR COUNTRY FOR COMPLIANCE WITH ITS INTEGRITY POLICY.
RISK MANAGEMENT
We base our risk management process on COSO Enterprise Risk Management (ERM) in order to comply with the best international corporate practices. Additionally, we understand that adequate risk management contributes to improving corporate resilience.
The role of the Board of Directors
Based on a comprehensive view of the company, the Board of Directors defines our risk appetite and tolerance. The Board of Directors assigns or replaces members of the Risk Committee and supervises the company’s risk management.
RISK CATEGORIES
CYBERSECURITY
To protect our assets and information, we strengthened our cybersecurity practices by creating the position of Cybersecurity Director as well as other executive positions specifically in charge of developing a culture of information security and identifying and preventing cyber risks in the corporate and industrial environments.
EVERY YEAR, WE REVIEW OUR INFORMATION SECURITY MANAGEMENT SYSTEM TO STRENGTHEN IT BY CONDUCTING SELF-EVALUATIONS, AUDITS, PENETRATION TESTS, AND CONSULTATIONS WITH SPECIALIZED COMPANIES.
The main actions we take to mitigate cybersecurity risks at our assets and for our employees are the following:
Incident management: optimize the documentation and incident response process and ensure resolution in a timely manner and in due form.
Risk identification: structure risks, internal controls, and mitigation measures.
Vulnerabilities management: optimize processes, expand monitoring and follow-up.
Modernization of the cyber intelligence network, reinforcing synergies among business partners.
Awareness and training: identify employee needs and reinforce cybersecurity issues such as best practices in information security.
Identify and report immediately any suspicious or unexpected email.
Identify and report immediately any suspicion of stolen information or leaks.
