Committees | Corporate Governance | CEMEX
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Committees

CEMEX, S.A.B. de C.V.’s by-laws contemplate the existence of an Audit Committee and a Corporate Practices Committee to help the Board of Directors in the performance of its duties.


In accordance with CEMEX, S.A.B. de C.V.’s by-laws, all members of the Audit Committee and Corporate Practices and Finance Committee, including their respective president, must be independent directors.

The duration of each member's position is indefinite, and they may only be removed by a resolution of CEMEX, S.A.B. de C.V.’s Ordinary General Shareholders Meeting or the Board of Directors.

Audit Committee

The Audit Committee is responsible for evaluating our internal controls and procedures, and identifying deficiencies; following up with corrective and preventive measures in response to any non-compliance with our operation and accounting guidelines and policies; evaluating the performance of our external auditors; describing and valuing non-audit services performed by our external auditor; reviewing our financial statements; assessing the effects of any modifications to the accounting policies approved during any fiscal year; and overseeing measures adopted as a result of any observations made by our shareholders, directors, executive officers, employees or any third parties with respect to accounting, internal controls and internal and external audit, as well as any complaints regarding management irregularities, including anonymous and confidential methods for addressing concerns raised by employees.

José Manuel Rincón Gallardo Purón
President

Roberto Luis Zambrano Villarreal

Rodolfo García Muriel

Francisco Javier Fernández Carbajal


Corporate Practices and Finance Committee

The Corporate Practices and Finance Committee is responsible for evaluating the hiring, firing and compensation of our chief executive officer; reviewing the hiring and compensation policies for our executive officers; reviewing policies regarding the use of corporate assets; reviewing unusual or material transactions; evaluating waivers granted to our directors or executive officers regarding seizure of corporate opportunities; reviewing mergers, acquisitions, market information and financial plans, including financing and related party transactions.

Dionisio Garza Medina
President

Francisco Javier Fernández Carbajal

Rodolfo García Muriel

Armando Garza Sada


Sustainability Committee

In addition, at a meeting of our Board of Directors held on September 25, 2014, our Directors approved the creation of our Sustainability Committee.

The Sustainability Committee is responsible for ensuring sustainable development in our strategy; supporting the Board of Directors in fulfilling its responsibility to shareholders regarding sustainable growth; evaluating the effectiveness of sustainability programs and initiatives; providing assistance to our chief executive officer and senior management team regarding the strategic direction on sustainability; and endorse a model of sustainability, priorities and key indicators.

Armando J. García Segovia
President

Ian Christian Armstrong Zambrano

Francisco Javier Fernandez Carbajal

For more information about our Committees, please refer to our Form 20-F available in our reports page

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