Board of directors

Each year, the election of the members of the Board of Directors is approved during the General Shareholders' Meeting. These professionals stand out for having the experience, knowledge, and leadership necessary to meet the challenges of the Board.

Members

Rutty Paola Ortíz Jara

Appointed by:

Empresas Públicas de Medellín (may 2021)

  • Independent member
  • Corporate Audit Committee
  • Organizational Talent Committee
Ana Fernanda Maiguashca Olano

Appointed by:

Ministry of Finance and Public Credit

  • Independent Member
  • Corporate Audit Committee
  • Corporate Governance, Sustainability and Risks Committee
  • Organizational Talent Committee
Isaac Yanovich Farbiarz​
Isaac Yanovich Farbiarz

Appointed by:

Ministry of Finance and Public Credit

  • Independent Member
  • Chairman  of the  Organizational Talent Committee
  • Business Committee
Carlos Mario Giraldo Moreno
Carlos Mario Giraldo Moreno

Appointed by:

Ministry of Finance and Public Credit

  • Independent Member
  • Chairman  of the Corporate Governance, Sustainability and Risks Committee
  • Organizational Talent Committee
Santiago Montenegro Trujillo
Santiago Montenegro Trujillo

Appointed by:

Fondos de Pensiones y Cesantías

  • Independent Member
  • Chairman of the Board Of Directors
  • Chairman  of the  Business Committee
  • Corporate Governance, Sustainability and Risks Committee
Camilo Zea Gómez
Camilo Zea Gómez

Appointed by:

Fondos de Pensiones y Cesantías

  • Independent Member
  • Chairman of the Corporate Audit Committee
Diego Muñoz Tamayo

Appointed by:

Fondos de Pensiones y Cesantías

  • Independent Member
  • Business Committee
JESÚS ANTONIO BEJARANO ROJAS

Technical Deputy of Ministry of Finance and Public Credit 

Appointed by:

Ministry of Finance and Public Credit (since May 2021)

  • Non-independent member
  • Corporate Governance, Sustainability and Risks Committee
  • Business Committee
César Augusto Arias Hernández
César Arias Hernández

Director of Public Credit and of the National Treasury of the Ministry of Finance and Public Credit

Appointed by:

Ministry of Finance and Public Credit

  • Non-independent member
  • Corporate Governance, Sustainability and Risks Committee
  • Organizational Talent Committee
  • Business Committee

Independent Members, as per provisions of Law 964 of 2005 and Corporate Bylaws.

BOARD OF DIRECTORS COMMITTEES

ISA’s Board of Directors has established four institutional committees that act as permanent supporting bodies for specific issues by providing advisory, formulation, and analysis of proposals, supervision, and monitoring of the corporate management. Their duty is to make decisions on specific issues that the Board may delegate to them.

Corporate Audit Committee

This Committee assists the Board of Directors in its supervision functions by evaluating accounting procedures and reviewing the company’s control system, including the audit of the comprehensive risk management system. It is related to the Statutory Auditor.  Likewise, this Committee is responsible for monitoring the management and effectiveness of the business group’s internal control.

Carlos Ignacio Mesa Medina
(CAO – Chief Audit Officer)
Secretary

Corporate Governance, Sustainability, and Risk Committee

This Committee is in charge of the following: supporting the Board of Directors regarding the composition, remuneration, and evaluation of the Board; providing advisory to the Board and the Management about the adoption of Good Corporate Governance Practices; monitoring compliance with the Code of Good Corporate Governance; and guiding, advising, and monitoring the management of sustainability, risk, IT, and cybersecurity at our Group.

Sonia M. Abuchar A.
(CLO – Chief Legal Officer)
Secretary

Organizational Talent Committee

This Committee supports the actions taken by ISA’s Board of Directors and Leaders to guide, supervise, and advise the management of our organizational talent (ISA’s senior management and employees).

Carlos Humberto Delgado
(CTO – Chief Organizational Talent Officer)
Secretary

Business Committee

This Committee supports the Board of Directors and the Management in the analysis and monitoring of ISA’s businesses and investments.

Daniel Isaza Bonnet
(CBDO – Chief Growth and Business Development Officer)
Secretary

BOARD OF DIRECTORS EXPERIENCE AND PARTICIPATION

Camilo Zea Gómez

César Arias Hernández

Isaac Yanovich Farbaiarz Santiago Montenegro Trujillo Ana Fernanda Maiguashca Carlos Mario Giraldo Diego Muñoz Rutty Paola Ortíz
ISA ISA ISA ISA ISA ISA ISA ISA
BNP Paribas Securities Services Bancoldex Gases de Occidente S.A. E.S.P Bolsa de Valores de Colombia Central de Inversiones S.A (CISA) EPM Inversiones Rendiles S.A Gases de Oriente
PIP Colombia Fondo de Ahorro y Estabilización – FAE Propacifico Intervial Chile Sociedad de Activos Especiales (SAE) Consumer Goods Forum Naturgy
Sociedad Fiduciaria S.A Tecnoquimicas S.A Ruta del Maipo Chile Bancoldex Copa Airlines Colombia Suramericana S.A.
Universidad Icesi Consejo Directivo de Proantioquia Münchener de Colombia S.A

SKILL MATRIX

Our Board members stand out for their significant experience in all aspects of the businesses, activities, and other actions carried out by the Company.

The different levels of seniority of our Board ensure that the work is performed as a team and effectively.  

Experience

Jesús Antonio Bejarano César Augusto Arias Isaac Yanovich Farbaiarz Carlos Mario Giraldo Moreno Ana Fernanda Maiguashca Diego Muñoz Tamayo Rutty Paola Ortíz Santiago Montenegro Trujillo Camilo Zea Gómez
Energy transport and applicable regulation
X
X
X
X
X
X
X
X
X
Information and communication technologies, and applicable regulation
X
X
X
X
X
X
X
X
X
Electrical system operation and applicable regulation
X
X
X
X
X
X
X
X
X
Road operation and applicable regulation
X
X
X
X
X
X
X
X
X
Financial markets
X
X
X
X
X
X
X
X
X
Enterprise risk management
X
X
X
X
X
X
X
X
X
Strategy
X
X
X
X
X
X
X
X
X
Cybersecurity
X
X
X
X
X
X
X
X
X
Business and finance management
X
X
X
X
X
X
X
X
X
Control and audit systems
X
X
X
X
X
X
X
X
X
Mergers, acquisitions and international business
X
X
X
X
X
X
X
X
X
Legal matters
X
X
X
X
X
X
X
X
X
Executive management in large companies
X
X
X
X
X
X
X
X
X
Human Resources
X
X
X
X
X
X
X
X
X
Sustainability
X
X
X
X
X
X
X
X
X
Companies
X
X
X
X
X
X
X
X
X
Innovation
X
X
X
X
X
X
X
X
X
Public and private associations - Strategic alliances
X
X
X
X
X
X
X
X
X
Generations:

Generation X (1966 – 1980): 5

Boomers (1951- 1965): 3

Silent generation (< 1950): 1

Professions:

Economists: 4

Lawyers: 3

Government and Foreign Relations: 1

Industrial Engineering: 1

Gender:
22,2%
Women
77,8%
Men

REMUNERATION OF THE BOARD OF DIRECTORS

The remuneration to our members of the Board of Directors is approved by the General Shareholders’ Meeting and is a determined sum equivalent to 141 UVT (UVT 2021: COP $ 36,308) COP $ 5,119,428 for attending each session.

Given the importance of the role of the Chairman of the Board of Directors and his responsibilities, the General Shareholders’ Meeting approved a differentiated remuneration (it is not cumulative with the previous one) and is a determined sum equivalent to 169 UVT (UVT 2021: COP $ 36,308) COP $ 6,136 .052 for attending each session.

$ 2000000
PER MEETING ATTENDED

CORPORATE POLICIES

The Board of Directors is responsible for establishing, guiding and reviewing the corporate strategy, guidelines and policies, which are communicated through this website and through the internal information portals for each stakeholder and through synergy networks of the Business Group Work Model. Read our policies in spanish.

Diversity and inclusion

Decisions aimed at incorporating the diversity and inclusion approach as principles of business management and relationship with the different stakeholders.

Occupational Safety and Health

Decisions to protect and preserve the safety and health of our employees, suppliers, and other people involved in the activities of our companies.

Information

Find here our information and knowledge management guidelines, These assets are essential for the development of our business units, the creation of alliances, and the continuity of our operation.

Comprehensive Risk Management

At ISA and its companies, Comprehensive Risk Management is extremely important to generate and protect value, preserve the integrity of resources, and ensuring the continuity and sustainability of business units.

Asset management

Learn the principles that govern the decisions, activities, and behaviors of  asset management to meet strategic objectives and achieve sustainable value at the ISA Group.

Environmental

We design a responsible environmental management model, focusing on the use of natural resources to ensure that our processes are aligned with the pursuit of sustainable development.

Service

Find here our commitment to providing quality, timely, and reliable services at competitive prices, specially designed to satisfy our clients and build long-term relationships.

Related-party transactions

Aligned with our commitment to promote the adoption of good corporate practices in the Company to reinforce investor confidence, corporate efficiency, transparency, and compliance with commitments to our stakeholders, we have established guidelines  so that related-party transactions at ISA and our companies are carried out at market prices and conditions, respecting the rights of our companies’ shareholders and creditors, contributing to the achievement of strategic goals for the Group, and complying with the law.

board of directors history

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Remuneration Policy for the Board of Directors:

It describes the criteria to be taken into account for proper remuneration to the members of the Board of Directors.

Board of Directors Succession Policy:

It proposes the principles to nominate the best candidates to join the Board, ensuring its effective operation and contribution to the achievement of organizational objectives.

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ETHICS LINE

ISA is committed to transparency and ethics. ISA now has a specialized toll-free line to address your questions or complaints and find an effective solution. Learn more about our Ethics Line