Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated June 9, 2020, reports a material event concerning the governance of Credicorp Ltd., a Peruvian financial services group. The filing details decisions made by the Board of Directors during a session held on June 9, 2020, regarding the composition of the new Board for the 2020-2023 term.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and board appointments rather than financial performance.
Material Changes
The primary material change reported is the restructuring of the Board of Directors and its committees for the 2020-2023 period. Key appointments include:
- Chairman and Executive Chairman: Mr. Luis Romero Belismelis.
- Vice-Chairman: Mr. Raimundo Morales Dasso.
- Audit Committee: Chaired by Patricia Lizárraga Guthertz (Financial Expert), with members Maite Aranzábal Harreguy and Irzio Pinasco Menchelli. Mr. Morales Dasso serves as an advisor.
- Risk Committee: Chaired by Raimundo Morales Dasso, with members Alexandre Gouvea, Luis Romero Belismelis, and Pedro Rubio Feijóo.
- Compensation and Nominations Committee: Chaired by Alexandre Gouvea, with members Antonio Abruña Puyol, Raimundo Morales Dasso, and Luis Romero Belismelis.
- Corporate Governance Committee: Chaired by Maite Aranzábal Harreguy, with members Antonio Abruña Puyol, Fernando Fort Marie, Patricia Lizárraga Guthertz, and Barbara Bruce Ventura.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on market conditions, or discussion of specific risks and contingencies. It is a procedural notification of board elections.
Key Facts for Investor Verification
- Verify the effective date of the new Board term (2020-2023) and the specific roles assigned to Luis Romero Belismelis and Raimundo Morales Dasso.
- Confirm the independence status of the newly appointed Audit Committee members, particularly the designation of Patricia Lizárraga Guthertz as a Financial Expert.
- Review the composition of the Risk Committee to ensure alignment with regulatory requirements for financial institutions in Peru.
- Check subsequent filings for the formal ratification of these appointments at the Annual General Meeting of Shareholders.