Credicorp Ltd.: Credicorp Initiates Election Process for an Additional Director
June 26 2020 - 6:58PM
Lima, June 26th, 2020 – Following the recent
announcement of its new Board composition, and Shareholder approval
of the expansion of the Board, Credicorp announces the initiation
of the process to elect the ninth member of its Board.
On June 8th, Credicorp announced that the Annual
General Shareholders Meeting had approved an amendment to
Credicorp’s bye-laws to increase the size of the Board from 8 to 9
members. Credicorp expects to propose an additional director
nominee, to be voted upon at an Extraordinary Shareholders
Meeting.
On June 25th, the Compensation and Nominations
Committee of the Board determined the guidelines for the process to
select the ninth board member. At this time, Credicorp would like
to announce that it is beginning its selection process and
shareholders are welcome, in parallel, to propose candidates up
until July 15th (inclusive). Once this pre-selection process has
concluded, Credicorp’s Board will announce, in the next few months,
the date for an Extraordinary Shareholders Meeting to elect the
nominee.
Credicorp recently announced the election of its
new Board of Directors. Today, Credicorp´s Board is more
independent and diverse than in years past. For further information
regarding the new Board and details on the independence criteria,
please refer to our June 8th press release.
About Credicorp
Credicorp Ltd. (NYSE: BAP) is the leading
financial services holding company in Peru and is present in Chile,
Colombia and Bolivia. Credicorp has a diversified business
portfolio, which is organized into four lines of business:
Universal Banking, through Banco de Credito del Peru - BCP and
Banco de Credito de Bolivia; Microfinance, through Mibanco and
Encumbra; Insurance & Pension Funds, through Grupo Pacifico and
Prima AFP; and Investment Banking & Wealth Management, through
Credicorp Capital, Wealth Management at BCP and Atlantic Security
Bank.
For further information please contact the IR
team:
Investorrelations@credicorpperu.com
Investor
RelationsCredicorp Ltd.
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