Board Committees

Doral’s board of directors operates with discretion, based on the recommendations and decisions of its committees, which were established in accordance with the legal requirements to address the management of material issues within the Company:

• Financial Statements Review Committee – This committee includes three directors, two of whom are external directors, and one is an independent director. The Company’s management presents the committee with the Company’s activity results, financial status, cash flows, key events during the reporting period, valuation assessments, sources and uses report, and more. In 2023, the committee held six meetings with a 100% attendance rate.
• Audit Committee – This committee also consists of three directors, two of whom are external directors and one independent director. The committee’s responsibilities include approving transactions, maintaining continuous dialogue with the internal auditor, monitoring and overseeing the internal auditor’s work plan, supervising the internal compliance officer, examining deficiencies in the Company’s business management, assessing company risk management, and evaluating the effectiveness of risk management. In 2023, the audit committee held a meeting with the internal auditor and the external auditor without the presence of non-committee members to discuss outstanding issues regarding management of the Company’s business. Additionally, the audit committee monitors the existing arrangements for handling employee complaints regarding business management deficiencies and the implementation of the Company’s whistleblower protection policy. In 2023, the audit committee held five meetings with a 100% attendance rate.
• Compensation Committee – This committee includes three directors, two of whom are external directors and one independent director. The committee’s responsibilities involve formulating compensation policies and the employment terms for controlling shareholders and company officers. In 2023, the compensation committee held six meetings with a 100% attendance rate.