BYMA's Corporate Governance Panel adds an issuer: Banco Macro

With the incorporation of Banco Macro, there are now 5 companies that make up this panel launched in December 2018: Grupo Supervielle, Pampa Energía, YPF and BYMA, in addition to Banco Macro. And other companies are expected to be listed in the short term.In this regard, BYMA's president, Ernesto Allaria, stated, "We are proud of this new incorporation that adds to the 4 companies that joined the panel in this short period of time, it represents an outstanding fact in the region. We will continue to work along these lines to encourage sustainable growth for companies and their shareholders."

For his part, Banco Macro's General Manager, Gustavo Manríquez, stated: "At Banco Macro we are proud to be part of this BYMA Corporate Governance Panel. In our entity, corporate governance is made up of the Board of Directors and Senior Management. Thanks to a dynamic and autonomous structure, regional teams can be managed, ensuring our presence in different parts of Argentina. Transparency, compliance with standards and codes, dialogue and the implementation of best governance practices are our axes for a business management that aims at continuous improvement of processes."

The adhesion of companies implies the incorporation of a set of requirements aligned with the principles of Corporate Governance of the Organization for Economic Cooperation and Development (OECD) and adopted by the G20. Among them: gender diversity in the board of directors, nomination and remuneration committee, remuneration policy, dividend policy, integrity programs, etc. Regarding implementation, the panel comprises two levels: "+GC", formed by Pampa Energía, YPF and BYMA; and "GC" level, formed by Grupo Supervielle and Banco Macro. The difference lies in the fact that +GC admits companies with capital stock composed of common shares with one vote per share, while the GC level accepts companies with common shares with multiple votes and preferred shares.Corporate Governance principles protect minority shareholders, improve the dissemination of policies and promote the existence of monitoring processes and methods in the organization's structure. In this way, investors have more information directly available to them when exercising their rights or investing. At the same time, the panel enhances the visibility and attractiveness of companies to international investors.