Corporate Governance



  • Lic. Eduardo J. Escasany


Lic. Eduardo J. Escasany


Mr. Escasany obtained a degree in economics at the Universidad Católica Argentina. He was associated with Banco Galicia from 1973 to 2002. He was appointed to Banco Galicia’s board of directors in 1975. In 1979, he was elected as the vice chairman and from 1989 to 2002 he served as the chairman of Banco Galicia’s board of directors and its chief executive officer. Additionally, he was Director of the Institute of International Finance and President of Casa Escasany (Jewelry and Watches).
He served as Vice president of the Argentine Banking Association from 1989 to 1993 and as President from 1993 to 2002. In 2005, he joined Grupo Financiero Galicia as a Director.
Currently, Mr. Escasany is the Chairman of Grupo Financiero Galicia, a position he has held since 2010. He is also a member of the Board of Directors and Chairman of the Foundation Banco de Galicia y Buenos Aires.


Our corporate governance principles are in line with the corporate governance code required by the regulations of the National Securities Commission (New Ordinance 2013).

In addition, as a listed company in the U.S. markets, it complies with the requirements of the Sarbanes-Oxley Act (SOX).

  • Audit Committee It was created as a body with no executive functions, whose purpose is to provide the Company’s Board of Directors with assistance in overseeing the Financial Statements, as well as in controlling the company and its subsidiaries. This Committee complies with requirements established by local and foreign regulations, on the markets where the Company’s securities are listed. Its activities include the issuance of the report on the activities carried out; the annual planning of the Committee's activities and the allocation of means for its operation; the evaluation on the independence, working plans and performance of the External and Internal Audits; the evaluation of reliability of the Financial Reporting submitted to the Regulatory Authorities and the industries where its shares are listed; and the issuance of an Annual Report assessing the reasonableness of Directors' compensation.
  • Executive Committee The Executive Committee was formed to contribute to the management of the Company's ordinary and usual business for a more efficient fulfillment of the Company's Board of Directors' mission. Some of its duties include: gathering legal, economic, financial and business information on the Company’s subsidiaries and investee companies, making investment decisions, appointing the Company's first-tier managers, proposing a strategic plan for the Company and its subsidiaries, making annual budget projections for the Board of Directors, and performing risk assessments.

    The Sustainability Subcommittee
    The Sustainability Subcommittee - ESG of Grupo Financiero Galicia S.A. was established with the purpose of establishing the Company's ESG approach, based on a common strategic framework, indicators and goals. Likewise, contributing with the objective of managing and complying with the several issues arousing from the new and dynamic ESG regulatory frameworks, enabling greater coordination of the actions and initiatives that are promoted at the level of each subsidiary, according to their own characteristics.
  • Ethics Committee The Ethics, Conduct and Integrity Committee was created as part of the action taken within the framework of the Company’s Ethics and Integrity Program, in order to promote compliance with standards, principles of good conduct and the Code of Ethics. The objective of this Committee is, among other duties that may be contemplated in the legal standards, to monitor and analyze complaints related to conducts contrary to the Code of Ethics, and rule on them; to evaluate the evolution and effectiveness of the entity’s Ethics and Integrity Program; and to plan, coordinate and supervise compliance with the relevant policies approved by this Committee.
  • Nominations and Compensations Committee The Nominations and Compensations Committee was created to facilitate the analysis and monitoring of several issues based on good corporate governance practices. The aim of said committee is mainly to assist the Company's Board of Directors in the preparation of the candidates appointment proposal to occupy positions on the Company's Board of Directors, to prepare and design a succession plan for the members of the Board, especially for the Chairman of the Board of Directors and the Chairman of the Audit Committee, taking into account their duties, background, training, and professional experience, and determine the compensation levels in accordance with industry standards considering their duties, the complexity levels, and the variety of topics addressed, for similar companies.
  • Committee for the Integrity of the Information This Committee was created with the purpose of complying with what is recommended by the Sarbanes-Oxley Act of 2002 of the United States of America, since Grupo Financiero Galicia is a listed company on the NASDAQ Capital Market. Some of its functions are: monitoring the Company’s internal controls, reviewing the financial statements and other information published, preparing the reports on the activities carried out by the Committee for the Board of Directors. The Committee's operation has been gradually adapted to local legislation and currently performs important administrative and information functions that are used by the Board of Directors and the Audit Committee, thus contributing to the transparency of the information provided to the markets.

Learn more about us