Corporate Governance

Simple corporate structure comprised primarily by a management company and different investment vehicles registered with and supervised by the Spanish regulatory authorities

Altan Capital, S.G.I.I.C., S.A.U. has a simple corporate structure comprised primarily by a management company and different investment vehicles registered with and supervised by the Spanish regulatory authorities and subject to various national and international regulations. Its Risk and Compliance Units, together with the Legal department, are in charge of interpretating, incorporating and coordinating all new measures that are necessary to comply with all regulations applicable.

In order to comply with the applicable regulations and to provide the maximum security as well as the best returns to our clients, ALTAN has different Governing Bodies which follow the standards and practices in line with the highest values and ethical standards.

The governance and supervision of the Funds and the Management Company are structured as follows:

Objetives

Altan Capital aims to meet the highest standards of corporate governance, in order to achieve the following objectives:

  • Have an optimal level of control within the organization
  • Enable timely decisions to be made
  • Minimize financial, regulatory, and reputational risks

Corporate governance entities

The Board of Directors

The Board of Directors of  Altan Capital, S.G.I.I.C., S.A.U., is the highest governing body and is at the top of the organization structure. It is formed by executive and non-executive directors to align the strategies and objectives of all the Group entities and monitor their results. It is composed of the following members:

Control management entities

Altan Capital, S.G.I.I.C., S.A.U., has a director selection policy which ensures that proposals for the appointment or reelection of board members are based on a prior analysis of the needs of the Board of Directors, and that its composition contributes to the diversity of knowledge and professional experience. All Board Directors meet requirements of good repute, knowledge, experience, compatibility (absence of conflicts of interest), and sufficient dedication. The Board of Directors sets out the policies and procedures to be followed by the Group and has established the following supervisory bodies:

Control and Supervision Committee

A committee appointed within the Board of Directors, without executive powers, whose main functions are to monitor the information contained in the financial statements, detect the main business risks, monitor the effectiveness of internal control, and be on the alert for any new regulations that may be applicable to the Group.

Talent Management Committee

This commission is part of the Board of Directors, without executive powers, and is principally dedicated to evaluating the structure, size, composition and activities of the Board of Directors and reviewing the remuneration criteria of the group, taking care to ensure transparency. As of this, the Committee will be in charge of the compliance of the Remuneration Policy.

Internal Conduct Monitoring Body

This board is formed by the Co-Chief Operating Officer, Human Resources Partner, the Chief Risk and Compliance Officer, the Chief Operating Officer, the Chief Financial Officer and the Chief Legal Officer. Its main functions are related to the prevention and detection of criminal risks and the internal code of conduct.

Money Laundering and Terrorist Financing Prevention

This committee is formed by the SEPBLAC representative, the Director of the AML department, the Chief Risk and Compliance Officer, the Chief Financial Officer, the Chief Legal Officer, and representatives from the operating unit and the investor relations unit. This committee deals with all matters relating to the prevention of money laundering, detects any potential risks, and analyzes any measures that need to be taken.

Partners Committee

An advisory and information committee, formed by the partners of Altamar Capital Partners entities.

Good Governance

The following boards have been created to uphold good corporate governance and transparency in the management of the investment vehicles managed by the Group

Annual General Meeting/Shareholders Meeting

There is a meeting for each fund managed by Altan Capital, S.G.I.I.C., S.A.U. to which all shareholders are invited. This meeting takes place on a yearly basis

Investment Committee

A committee appointed for each investment fund managed by Altan Capital, S.G.I.I.C., S.A.U.. Its main function is the analysis and approval of every investment/divestment decision.
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