Corporate Practices and Nomination Committee

The Operations and Strategy Committee plays a fundamental role in our corporate governance system by supporting the Board of Directors in establishing the Company’s strategy. In 2022, as part of FEMSA’s Corporate Governance updates, this Committee expanded its functions to include supporting the Board in overseeing the operations of the Company and its business units, and it also supports the Board in the following functions:

1. Making recommendations to the Board of Directors regarding the annual operating plans and strategic projects of FEMSA’s business units.
2. Executing strategic analysis of FEMSA’s business units’ operations, growth alternatives and long-term plans, as well as supervising transformational initiatives.
3. Evaluating the investment, risk management and financing policies of the Company.
4. Reviewing and, if appropriate, recommending to the Board of Directors, the dividends policy, for subsequent approval by the shareholders in our Shareholders’ Meeting.
5. Providing support in the review of strategic projects that are explicitly requested by the Board.

This Committee is comprised of a majority of independent directors and chaired by the executive chairman of FEMSA's Board of Directors.