The Altamar Group aims to meet the highest standards of corporate governance, in order to achieve the following objectives:
The Board of Directors of Altamar Capital Partners SL, the Group’s holding company, is the highest governing body and is at the top of the organization structure. It is formed by executive and non-executive directors to align the strategies and objectives of all the Group entities and monitor their results. It is composed of the following members:
President and CEO
Director | President of Altamar Latinoamérica
Domanial Director | President of LarrainVial
Domanial Director | ex-President and Founding Partner of Corpfin Capital
Domanial Director | Ex-COO of Merrill Lynch Capital Markets Spain
Board Secretary. Non-Director |
Ex-Managing Partner of Garrigues
Board Vice-Secretary. Non-Director
In addition, each entity has its own Board of Directors made up of executives with extensive knowledge and experience.
Altamar Capital Partners has a director selection policy which ensures that proposals for the appointment or reelection of board members are based on a prior analysis of the needs of the Board of Directors, and that its composition contributes to the diversity of knowledge and professional experience. All Board Directors meet requirements of good repute, knowledge, experience, compatibility (absence of conflicts of interest), and sufficient dedication. The Board of Directors sets out the policies and procedures to be followed by the Group and has established the following supervisory bodies:
A committee appointed within the Board of Directors, without executive powers, whose main functions are to monitor the information contained in the financial statements, detect the main business risks, monitor the effectiveness of internal control, and be on the alert for any new regulations that may be applicable to the Group.
This commission is part of the Board of Directors, without executive powers, and is principally dedicated to evaluating the structure, size, composition and activities of the Board of Directors and reviewing the remuneration criteria of the group, taking care to ensure transparency. As of this, the Committee will be in charge of the compliance of the Remuneration Policy.
This board is formed by the Co-Chief Operating Officer, Human Resources Partner, the Chief Risk and Compliance Officer, the Chief Operating Officer, the Chief Financial Officer and the Chief Legal Officer. Its main functions are related to the prevention and detection of criminal risks and the internal code of conduct.
This committee is formed by the SEPBLAC representative, the Director of the AML department, the Chief Risk and Compliance Officer, the Chief Risk and Compliance Officer, the Chief Legal Officer, and representatives from the operating unit and the investor relations unit. This committee deals with all matters relating to the prevention of money laundering, detects any potential risks, and analyzes any measures that need to be taken.
An advisory and information committee, formed by the partners of Altamar Capital Partners entities.
The following boards have been created to uphold good corporate governance and transparency in the management of the investment vehicles managed by the Group:
There is a meeting for each fund managed by Altamar Capital Partners to which all shareholders are invited. This meeting takes place on a yearly basis. The Shareholders Meeting, as the designated representative of the shareholders, has certain decision functions assigned by the fund’s legal documentation.
A committee appointed for each investment fund managed by Altamar Capital Partners. Its main function is the analysis and approval of every investment/divestment decision.
This includes major investors from private equity funds as well as representatives of minority investors. On a quarterly basis, it oversees that the Management Company is acting according to its mandate. Internally, there is a Compliance and Risk Management Unit as well as an Internal Audit Unit (delegated to Informa Consulting Compliance S.L.) which, among other functions, ensure a proper corporate governance structure and the existence of a strong culture of compliance within Altamar Capital Partners. Finally, PricewaterhouseCoopers Auditores SL audits the Group’s financial statements and the findings of the money laundering and terrorist financing prevention experts.