Audit Committee

According to Section 109 of the Capital Market Act No. 26,831, Pampa has an Audit Committee integrated by three regular members and one alternate member, whom all hold independent status according to the independence standards set out in the Argentine National Securities and Exchange Commission (‘CNV’ or Comisión Nacional de Valores) Rules. The Audit Committee members have professional expertise in financial, accounting, legal, and/or business matters.

Under the applicable legislation and its own Internal Regulations, the Audit Committee is responsible for compliance with the following duties, among others:

  • Supervising the operation of internal control and administrative/reporting systems, as well as the latter’s reliability and of all financial information or any other significant events that may be disclosed to the CNV and the markets, in compliance with the applicable reporting system;
  • Rendering opinion on any Board’s proposal appointing external auditors to be hired by the Company, and ensuring their independence;
  • Reviewing the plans submitted by external and internal auditors, assessing their performance, and issuing an opinion on the presentation and disclosure of annual financial statements, all under the CNV Rules. For the supervision of external auditor’s performance, the Committee may determine a series of objective indicators to assess their commitment, efficiency and independence;
  • Supervising the implementation of risk management information policies within the Company;
  • Providing the market with complete information on transactions where there may be a conflict of interest with members of corporate bodies or controlling shareholders;
  • Rendering its opinion on remunerations and stock options plans’ proposals for the Company’s directors and managers submitted by the Company’s Board;
  • Rendering its opinion on the compliance with legal requirements and the reasonableness of the conditions for the issuance of shares or convertible securities in capital increases with the exclusion or limitation of preemptive rights;
  • Issuing a well-founded opinion on related-party transactions in the cases provided by law, and disclosing it in compliance with law whenever there is or may be an alleged conflict of interest within Pampa;
  • Supervising the operation of a channel whereby the Company’s executives and staff may report reporting, internal control and audit issues under the applicable provisions to such effect;
  • Providing any report, opinion or statement required by the current regulations in force, with the scope and frequency required by such regulations, as amended, etc.;
  • Fulfilling all obligations provided for in the Bylaws, as well as laws and regulations binding the Company;
  • Checking compliance with applicable standards of ethical conduct; and
  • Drawing up an annual action plan for which it will be held accountable to the Board and the Audit Committee. The Audit Committee will submit such action plan within a term of 60 calendar days from the beginning of the fiscal year.

At present, Pampa’s Audit Committee is composed as follows:

Name Position Term Expiration
Darío Epstein Chair 12/31/2021
Darío Epstein, was born on July 19, 1963. In April 2019, he joined the Company as a member of the board of directors. He currently is a director of Sur Investment, Research for Traders and FinGuru. He is a Public Accountant and has an MBA from the University of Michigan. He also was a director of Comisión Nacional de Valores (CNV) (Argentine National Securities and Exchange Commission).
Carlos Correa Urquiza Regular member 12/31/2021
Carlos Correa Urquiza, born on September 17, 1969, has been a member of Pampa Energía’s Board of Directors since April 2019. He currently serves as the Trading Desk in the finance area management of Banco Hipotecario SA. Previously, he held the position of Head of the back office department of Consultores Asset Management. Mr. Correa Urquiza holds a Master’s degree in Banking Management from CEMA University and a Bachelor’s Degree in Business Administration from Belgrano University.
Silvana Wasersztrom Regular member 12/31/2022
Silvana Wasersztrom, born on March 18, 1968, has been member of Pampa Energía’s Board of Directors since June 2021. Ms. Wasersztrom is a lawyer, and completed postgraduate studies in Tax and Customs Law at the Austral and Belgrano Universities. Since 2012 she has practiced independently in her own firm. Previously, from 1994 to 2002, she worked at Marval, O’Farrell & Mairal law firm and did an internship in Tampa, Florida, United States in the year 1992-1993.
Audit Committee’s regulations