CORPORATE
Convinced that Corporate Government is an essential element in the strategy to create value, Grupo Financiero Banorte’s Board of Directors is guided by standards that ensure every decision and every action safeguards the interests of shareholders, customers, employees, suppliers and communities, providing the institution with strength and stability.
One of the functions of corporate governance is to provide the necessary elements for the effective and efficient operation of governmental entities directly reflecting the transparency of decision-making and to promote mechanisms that regulate the relationships between shareholders, Government entities, the administration and interested third parties.
To ensure sound corporate governance, the following government entities have been established:
- Advisory Council
- Audit and Corporate Practices Committee
- Risk Policy Committee
- Human Resources Committee
- Nominations Committee
These committees are made up of members of GFNorte’s Board of Directors or independent members, with the participation of the institution’s officers in some of them. A Committee to develop talent was also created to support the development of GFNorte’s human resources.
GFNorte’s Board of Directors is comprised of 15 members, with 10 of them being independent. Similarly, each proprietary member has an alternate, resulting in 28 men and 2 women, whose age range varies between 38 and 73 years.
Board of Directors
Proprietary Members
| Guillermo Ortiz Martínez (1) | President |
| Carlos Hank González (2) | Proprietary |
| David Villarreal Montemayor | Proprietary |
| Everardo Elizondo Almaguer | Proprietary Independent |
| Alfredo Elías Ayub | Proprietary Independent |
| Herminio Blanco Mendoza | Proprietary Independent |
| Adrián Sada Cueva | Proprietary Independent |
| Patricia Armendáriz Guerra | Proprietary Independent |
| Armando Garza Sada | Proprietary Independent |
| Héctor Reyes-Retana y Dahl | Proprietary Independent |
| Juan Carlos Braniff Hierro | Proprietary Independent |
| Miguel Alemán Magnani | Proprietary Independent |
| Alejandro Burillo Azcárraga | Proprietary Independent |
| Juan Antonio González Moreno | Proprietary |
| Alejandro Valenzuela del Río (3) | Proprietary |
Alternates
| Graciela González Moreno | Alternate |
| José María Garza Treviño | Alternate Independent |
| Alberto Halabe Hamui | Alternate Independent |
| Isaac Becker Kabacnik | Alternate Independent |
| Manuel Aznar Nicolín | Alternate Independent |
| Eduardo Livas Cantú | Alternate Independent |
| Roberto Kelleher Vales | Alternate Independent |
| Ramón A. Leal Chapa | Alternate Independent |
| Julio César Méndez Rubio (4) | Alternate Independent |
| Guillermo Mascareñas Milmo | Alternate Independent |
| Lorenzo Lazo Margain | Alternate Independent |
| Alejandro Orvañanos Alatorre | Alternate Independent |
| Juan Antonio González Marcos | Alternate |
| José Marcos Ramírez Miguel | Alternate |
| Jesús O. Garza Martínez | Alternate |
- (1) Dr. Guillermo Ortiz Martínez served as Chairman of the Board of Directors until December 31st, 2014.
- (2) Lic. Carlos Hank González took office as Chairman of the Board of Directors as from January 1st, 2015.
- (3) Dr. Alejandro Valenzuela del Río ceased to serve on the Board of Directors as of November 20th, 2014
- (4) Don Julio César Méndez Rubio ceased to serve on the Board of Directors as of June 10, 2014.
Secretary Non-Member
Héctor Ávila Flores
Whenever it is necessary to update internal control documents — including Mission, Vision, Values and Code of Conduct — or develop new guidelines, strategies and policies on the economic, social and environmental impacts of the organization, these are submitted for review and authorization by the Audit and Corporate Practices Committee.
