Bancolombia S A : Proposal for External Audit and Fees.
February 28, 2022 at 03:37 pm EST
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Proposal for the election of the external
auditor for the period 2022 - 2024 and
compensation
The Audit Committee and the Board of Directors recommend to the General Shareholders Meeting to elect PwC Contadores y Auditores SAS, to carry out the External Audit of Bancolombia for the period April 2022 - March 2024.
The recommendation is based on a process of evaluation of proposals from several firms with international experience in aspects such as fees, experience, knowledge of the sector, team capacity, international specialists and economic proposal, among others.
PwC Contadores y Auditores SAS
Is a Colombian firm that is part of the PWC global network, is registered with the PCAOB and has a recognized track record. Likewise, the firm accredited criteria of independence, non-existence of conflicts of interest and has not received income from Grupo Bancolombia that represents 25% or more of its annual income.
For fees, it is recommended that the Assembly approves an annual sum of eight thousand seven hundred four million, eight thousand four hundred eighty-nine Colombian pesos (COP $ 8,704,008,489) per year, as fees for the External Auditor of Bancolombia S.A. This amount is equivalent to a monthly average of seven hundred and twenty-five million three hundred and thirty-four thousand and forty-one Colombian pesos (COP $725,334,041).
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Bancolombia SA published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 20:36:16 UTC.
Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
BANCOLOMBIA S.A. 
