from 1995 to 2000. He held various distinguished  positions with banks and financial institutions as  economist, financial advisor and analyst. He has a  PhD in finance from the Wharton School of the Uni- versity of Pennsylvania, Philadelphia, and graduated  from the Economics Program of the University of the  Pacific, Lima, Peru. Master’s Degree in Business Administration from the  Business Administration Graduate School for Central  America (INCAE). He has also attended the corpo- rate finance program at Harvard University. transport, tourism, and housing projects, since No- vember 2001. Held various distinguished positions in  the Mexican government, the last one being that of  Secretary of Communication and Transportation from  1995 to 2000. While holding that position, he was  also Chairman of the Board of Directors of the Mexi- can-owned companies in the sector, and member of  the Board of Directors of development banks. Mr.  Ruiz holds a bachelor’s degree in business adminis- tration from the Anahuac University of Mexico City,  and an MBA degree from Northwestern University of  Chicago. 10.-  GILBERTO PEREZALONSO CIFUENTES.  Direc- tor of the Company and Member of the Board since  2002. Treasurer of Asociación Vamos México A.C.,  consultant to the Presidency of Grupo Televisa S.A.,  and member of its Board and Executive Committee  since 1998. From 1980 until February 1998, he held  various positions with Grupo Cifra, S.A. de C.V.,  the last position being that of General Director of  Administration and Finance. From 1998 until April  2001, Executive Vice-President of Administration  and Finance of Grupo Televisa S.A. He is also mem- ber of the Investment Committee of IBM de Mexico,  Member of the Advisory Council of Banco Nacional  de Mexico, S.A. de C.V., and member of the Board  and of the investment committee of Afore Banamex  Aegon, Siefore Banamex No. 1, Gigante S.A. de C.V.,  International Center for Human Development, Costa  Rica and Masnegocio Co. S. de R.L. de C.V. He has a  law degree from the Iberoamerican University and a  12.-  CARLOS RUIZ SACRISTÁN.  Director of SPCC  since February 12, 2004. Owner and managing part- ner of Proyectos Estrategicos Integrales, a Mexican  investment banking firm specialized in agricultural,  11.-  JUAN REBOLLEDO GOUT. Director of SPCC  since May 30, 2003. He has been International  Vice-President of Grupo Mexico since 2001. He  was Undersecretary of Foreign Affairs of Mexico  from 1994 to 2000, and Deputy Chief of Staff to  the President of Mexico from 1993 to 1994. Previ- ously, he was Assistant to the President of Mexico  (1989-1993), Director of the National Institute for  the Historical Studies of the Mexican Revolution of  the Secretariat of Government (1985-1988), Dean  of Graduate Studies at the National Autonomous  University of México, Political Science Department  (1984-1985), and professor of said university (1981- 1983). Mr. Rebolledo holds a law degree from the  National Autonomous University of Mexico, an MA  in philosophy from Tulane University, and an LLM  from Harvard Law School. of the Company’s Audit Committee, are independent of  management and financially literate in accordance with  the qualifications of the NYSE and the Securities and  Exchange Commission (“SEC”), as such qualifications are  interpreted by the Company’s Board of Directors in its  business judgment. Messrs. Germán Larrea Mota-Velasco, Chairman of the  Board of the Company, and Genaro Larrea Mota-Velasco,  a Director of the Company, are brothers or kindred in  second degree of consanguinity.  To the best of the Company’s knowledge, no other re- lationship of affinity and/or consanguinity exists among  the other members of the Board, and between them  and the Executive Officers of Southern Peru Copper  Corporation. A company of which more than 50% of the voting power  is held by a single entity, a “controlled company”, need  not comply with the requirements of the New York Stock  Exchange (“NYSE”) corporate governance rules requiring  a majority of independent directors and independent  compensation and nomination/corporate governance  committees. SPCC is a controlled company as defined  by the rules of the NYSE. Grupo Mexico owns indirectly  54.2% of the stock of the Company (63.1%, consider- ing Class A common shares are entitled to five votes per  share.) The Company has taken advantage of the excep- tions to comply with the corporate governance rules of  the NYSE. The Board of Directors of the Company de- termined that Messrs. Luis Miguel Palomino Bonilla, Gil- berto Perezalonso, and Emilio Carrillo, the three members  1) Executive Committee, sitting five members who  substitute for the Board when sessions or decisions  are required concerning urgent matters, or which the  Board would have expressly delegated its mandate.  2) Audit Committee, sitting three independent Board  members who are knowledgeable in accounting  and financial matters. Its main purpose is to (a)  assist the Board in monitoring (i) the quality and  integrity of the Company’s financial statements; (ii)  the qualifications and independence of the indepen- SPECIAL COMMITTEES OF THE BOARD  SPCC’S BOARD OF DIRECTORS HAS ORGA- NIZED THE FOLLOWING SPECIAL COMMITTEES: GERMÁN LARREA MOTA-VELASCO Chairman of the Board  OSCAR GONZÁLEZ ROCHA President and Chief Executive Officer JAIME FERNANDO COLLAZO GONZÁLEZ Vice-President, Finance and  Chief Financial Officer MARIO VINAGERAS Vice-President, Commercial REMIGIO MARTÍNEZ Vice-President, Exploration VIDAL MUHECH Vice-President, Projects ARMANDO ORTEGA Vice-President, Legal, General Counsel and Secretary JOSÉ N. CHIRINOS  Treasurer and Assistant of Comptrollerr  ERNESTO DURÁN TRINIDAD Comptroller LUIS ECHEVARRÍA S.S. Assistant Secretary  NEXT OF KIN EXECUTIVE OFFICERS SOUTHERN PERU COPPER CORPORATION 53. SOUTHERN PERU COPPER CORPORATION 52.