Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports a Material Event for Credicorp Ltd., a foreign private issuer, regarding its Annual General Meeting of Shareholders held on March 27, 2023. The filing was submitted on March 28, 2023.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance actions taken at the shareholder meeting.
Material Changes and Governance Actions
The following material decisions were approved by shareholders:
- Board of Directors Appointment: Nine directors were appointed for the term 2023–2026, including Antonio Abruña Puyol, Nuria Aliño Pérez, María Teresa Aranzábal Harreguy, Alexandre Gouvêa, Patricia Lizárraga Guthertz, Raimundo Morales Dasso, Leslie Pierce Diez-Canseco, Luis Romero Belismelis, and Pedro Rubio Feijóo.
- Director Remuneration:
- Annual base remuneration: US$50,000 per Director.
- Audit Committee members and subsidiary advisors to the Audit Committee: Additional US$40,000 annual remuneration.
- Committee session fees: US$1,500 per session for Directors serving on committees other than the Audit Committee.
- External Auditor Appointment: Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada (a member firm of Ernst & Young in Peru) was appointed as the external auditor for the 2023 financial year. The Board of Directors was delegated the authority to set and approve audit fees.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the notification of the shareholder meeting resolutions.
Key Facts for Investor Verification
- Verify the composition of the new Board of Directors for the 2023–2026 term.
- Confirm the total annual compensation structure for directors, including base pay and committee fees.
- Validate the appointment of Tanaka, Valdivia & Asociados (EY Peru) as the 2023 external auditor.
- Review subsequent filings for the specific audit fees approved by the Board.