Buenaventura recognizes the importance of adopting good corporate governance practices. This means constantly evolving based on the following five pillars: a) Shareholders’ Rights; b) Shareholders’ Meetings; c) the Board of Directors and the Senior Management; d) Risk and Compliance; and e) Transparent Information

As part of this evolution, Buenaventura has implemented the following corporate governance practices, among others:

1. The positions of Chairman of the Board and General Manager are held by different individuals.
2. Buenaventura has implemented Shareholders’ Meeting Regulations and Board of Directors’ Meeting Regulations, both of which are binding.
3. Buenaventura has approved and published a Code of Ethics, starting in 2003, which is mandatory for its directors, managers, officers, and other employees, and includes matters pertaining to ethics and professional liability.
4. Buenaventura discloses the standards adopted in corporate governance matters in its annual report, the content of which is overseen by the Board of Directors.
5. The Board of Directors of Buenaventura:

• Consists of nine (9) members, four (4) of whom are independent, and one (1) of whom acts as Lead Director.
• Objectively evaluates its performance as a body and that of its individual members at least once a year.
• Has an Audit Committee, a Remuneration Committee, a Nominations Committee, and a Corporate Governance Committee.