Corporate GovernanceJul 2, 2026, 06:16 AM
Grupo Cibest Clarifies Board Compensation Policy
AI Summary
Grupo Cibest S.A. clarified its Board of Directors' compensation policy, stating that 70% is paid in cash and 30% through contributions to the SVA Institutional Fund, which primarily invests in Grupo Cibest shares. These contributions have a two-year holding period. The company also clarified that an authorization for a board member to redeem units from the SVA Fund pertains only to units that have already satisfied this holding period requirement.
Key Highlights
- Board members' compensation policy includes 70% paid in cash.
- The remaining 30% of compensation is paid via contributions to the SVA Institutional Fund.
- The SVA Fund primarily invests in Grupo Cibest S.A. shares.
- Contributions to the SVA Fund are subject to a two-year holding period.
- Authorization was granted for a board member to redeem SVA Fund units that met the holding period.
Price Impact
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