We expect the board to establish a transparent nomination process for prospective board members. Board members should be elected with an individual vote count at the shareholder meeting, and the vote tally should be published.
Grupo Mexico has not disclosed the names of the director nominees prior to the time when institutional shareholders are required to submit their vote instructions. The company also has bundled the election of its directors into a single voting item. To ensure board accountability, we need to know who the nominees are, evaluate them and vote on each individually. We call on Grupo Mexico to disclose the name of its board nominees and to unbundle the election of directors.