In recent days, Grupo Bimbo, one of the Mexican companies with the greatest international presence, has reaffirmed its corporate leadership by securing a prominent position in the Merco (Corporate Reputation Business Monitor) Ranking 2024 for the eighth consecutive year. This recognition reflects its ongoing commitment to implementing sound practices in the business realm. Merco is one of the most important rankings in Latin America and Spain, evaluating companies' reputations based on key factors such as the quality of their products, innovation, ethics, social responsibility, talent attraction, financial results, and, above all, their strategy and corporate governance.

With nearly 80 years since its foundation, Grupo Bimbo has expanded into more than 30 countries across four continents. Its notable global presence is largely due to its strong corporate governance, which has been the foundation of its strategic and operational management. This organizational framework ensures transparency, equity, accountability, and sustainability in all its operations, allowing the company to solidify its reputation as one of the most reliable and ethical companies worldwide.

Corporate governance refers to the system by which companies are directed and controlled, and encompasses the structure and processes that ensure the organization operates effectively. It also allows companies to meet their strategic objectives while respecting the rights of all their stakeholders: shareholders, executives, employees, suppliers, customers, and communities. In the case of Grupo Bimbo, as a family-owned business where the descendants of its founders, the Servitje family, remain involved in management, it is crucial for the corporate governance framework to be optimal and transparent.

Grupo Bimbo's Corporate Governance Structure is divided into: Board of Directors, which in turn has various committees such as the Audit Committee, the Corporate Practices Committee, the Finance and Planning Committee, among others, which are responsible for reviewing specific aspects such as business ethics, regulatory compliance, internal audits, and financial risk management. In addition, independent from the Board, the company has Independent Directors, which guarantees that decisions are made objectively and without conflicts of interest.

The case of Grupo Bimbo highlights the importance of having an efficient corporate governance system. Such a system not only ensures the company's stability and sustainable growth, but also strengthens its reputation and credibility. Good corporate governance practices, such as those implemented by Bimbo, enable organizations to operate ethically, sustainably, and in a socially responsible manner.

Effective corporate governance is also key to managing risks, attracting investment, and securing market confidence, factors that are essential for long-term success. By establishing a solid corporate governance framework, companies can ensure that their strategic and operational decisions align with principles of transparency and accountability, enabling them to adapt to an increasingly dynamic and demanding business environment.

At VILA, we are specialists in providing corporate and contractual advisory services to your company for the development of any required corporate strategy.