The Internal Audit Committee is made up of four members of the Board of Directors and one corporate auditor from ISA Group. The purpose of this Committee is to strengthen the internal control system, risk management and corporate governance practices.

The committee is also is assigned to increase the effectiveness of internal auditing, to monitor and evaluate the work of independent auditors, to approve the Annual Internal Audit Plan, to supervise the enforcement and ensure implementation of the improvements recommended by both internal and external auditors.

CTEEP has an Internal Audit Plan for a three-year cycle, during which 100% of the units (regional units and headquarters) are audited. This plan covers the assessment of risks in processes, including the risk of corruption. (GRI SO2)

Composition:
Fernando Maida Dall’aqua, Sinval Zaidan Gama, Isaac Yanovich Farbaiarz, Julián Darío Cadavid Velásquez, and John Jairo Vásquez López

This committee, composed of three members from the Board of Directors, is responsible for monitoring, analyzing and presenting proposals related to the remuneration of officers and Board members, in addition to appointing Executive Board members, positions and salaries, remuneration policy, variable remuneration, profit sharing and collective bargaining agreements.

Composition:
Remuneration Committee
Luis Fernando Alarcón Mantilla, Luisa Fernanda Lafaurie Rivera, Orlando José Cabrales (up to 05/21/2012), and Isaac Yanovich Farbaiarz (as of 05/21/2012)