Business Context and Reporting Period
Company: Coca-Cola FEMSA, S.A.B. de C.V.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Fiscal Year Ended December 31, 2025 (Report filed May 29, 2026)
Subject: Report on adherence to the Code of Best Corporate Practices (Mexican Stock Exchange Regulations).
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a qualitative compliance report regarding corporate governance and sustainability practices rather than a financial results statement.
Material Changes and Governance Structure
- Board Composition: The Board consists of 16 principal directors and 7 alternate directors.
- Independence: 7 directors are classified as independent (43.75% of principal members), exceeding the 25% requirement.
- Gender Diversity: 4 women serve as principal directors and 2 as alternates. The company reports a 33.3% representation of women on the Board, achieved through recent appointments of independent female directors.
- Committee Structure:
- Audit Committee: 3 members; meets quarterly.
- Planning and Finance Committee: 5 members; meets quarterly.
- Corporate Practices Committee: 3 members; meets quarterly.
- Sustainability: No dedicated Board-level committee; ESG management is distributed among existing committees with the Board serving as the governing body.
- Meetings: The Board of Directors held 4 meetings during the fiscal year.
Outlook, Risks, and Management Commentary
Management Commentary: The Board emphasizes a culture of sustainable development, responsible business conduct, and integrity. The company utilizes an "Integrated Annual Report 2025" to disclose financial and non-financial information.
Risk Management:
- The Audit Committee oversees risk management, including strategic, financial, operational, and ESG risks.
- The company maintains a cybersecurity framework and a response protocol for incidents.
- Legal disputes are reported to the Board quarterly, with compliance reviews conducted twice per year.
Contingencies and Unusual Items: The filing confirms the existence of mechanisms for conflict resolution, whistleblower protection, and related-party transaction oversight. No specific unusual financial items or litigation contingencies with quantified impacts are detailed in this text.
Investor Verification Checklist
- Verify the "Integrated Annual Report 2025" for specific financial performance data (revenue, earnings, cash flow) not included in this governance filing.
- Confirm the independence status of the 7 independent directors and the specific criteria used for their classification.
- Review the external audit firm's independence statement and rotation schedule (partner rotation every 5 years).
- Examine the detailed Sustainability Report for specific ESG metrics and targets referenced in the governance framework.
- Check the minutes of the Audit Committee for details on the review of related-party transactions and internal control effectiveness.