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Corporate
Governance

At Telesites, corporate governance is a fundamental pillar that ensures transparency, integrity, and accountability in all our operations. We have a solid structure that promotes responsible decision-making, regulatory compliance, and the protection of the interests of our shareholders, employees, and other stakeholders.

Board of Directors

The Board of Directors of Telesites is icomposed of six proprietary directors, with no alternates appointed.

In accordance with our bylaws, the Board may be composed of a minimum of five and a maximum of twenty-one proprietary directors, in addition to an equal number of alternates. While directors are not required to be shareholders, internal regulations mandate that the majority of both proprietary and alternate directors must be Mexican nationals, and they must be appointed by shareholders based in Mexico.

Board members are appointed for a one-year term, which, according to the General Law of Commercial Companies, may be extended by up to thirty additional days if their successors have not yet been designated or taken office. In specific cases, the Board itself may appoint provisional directors, subject to ratification or replacement by the Shareholders’ Meeting.

Each year, during the Annual Shareholders’ Meeting, directors are either appointed or re-elected. In compliance with the Securities Market Law, the meeting also assesses the independence of Board members. Our bylaws state that at least 25% of the Board must be composed of independent directors; currently, 50% of the Board meets this criterion, reinforcing our commitment to best practices and corporate transparency. It is also important to note that no familial relationship by blood or marriage exists among board members and executive officers.