The board of directors is responsible for supervising the overall operation of our company. Chaired by our CEO Lorenzo H. Zambrano, the board consists of fifteen directors. Nine of our fifteen directors qualify as independent directors, as defined by Mexican securities law. Under Mexican securities law, at least 25% of our board members must qualify as independent directors.

The members of our board of directors serve for one-year terms. At our 2008 Annual Shareholder's Meeting held on April 23, 2009, an agreement was reached to integrate our board of directors as follows:

For more information about our Board of Directors, please refer to our Form 20-F available in our Reports page.