Claudia Jañez
About Claudia Jañez
Independent Director (Class I) at The Mexico Fund, Inc. (MXF); age 53; Director since 2022 with current term expiring in 2027. Background includes Executive President of Conmexico/Commexico (since Nov 2023) and President of DuPont Latin America (2015–2021); previously President of the Executive Board of Global Companies in Mexico (2019–2021) . Other public company directorship: América Móvil (Director) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| DuPont Latin America | President | 2015–2021 | Led regional operations; senior executive experience |
| Executive Board of Global Companies in Mexico | President | 2019–2021 | Business advocacy; governance exposure |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Conmexico / Commexico | Executive President | Since Nov 2023 | Business association leadership |
| América Móvil | Director | Not disclosed | Current directorship; public company interlock to monitor |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent Director under 1940 Act and NYSE standards; sits on committees composed entirely of independent directors . |
| Committees | Audit Committee (member); Nominating & Corporate Governance Committee (member); Contract Review Committee (Chair); Valuation Committee (alternate member) . |
| Board leadership | Chairman is Independent Director (Emilio Carrillo Gamboa) . |
| Meetings FY2024 | Board: 4; Audit: 2; Valuation: 1; Contract Review: 1; Nominating: 2 . |
| Attendance FY2024 | Each Director then in office attended ≥75% of aggregate Board and Committee meetings for which they were a member . |
| Executive sessions | Independent Directors regularly meet without management; independent counsel engaged; Audit meets with auditor without management . |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Director Retainer (Independent Directors) | $26,000 | Effective June 6, 2023 . |
| Chairman of the Board Retainer | +$7,000 (chair only) | Not applicable to Jañez unless chair. |
| Audit Committee Chair Retainer | +$5,250 (audit chair only) | Not applicable to Jañez in FY2024–FY2025. |
| Per Board Meeting (in person) | $2,000 | $1,000 if attended by telephone . |
| Per Committee Meeting / Telephonic Special Board Meeting | $1,000 | Applies to Independent Directors . |
| Fee Cap Policy | Fees capped if aggregate exceeds 0.11% of AUM . | |
| Aggregate Compensation to Claudia Jañez | $46,000 (FY2024) | Prior year: $43,730 (FY2023) . |
| Total fees+expenses reimbursed (all Directors/officers) | $437,707 (FY2024) | $360,320 (FY2023) . |
| Director Share Purchase Policy | 50% of annual retainer used to buy Fund shares until holdings reach $100,000; retain during tenure . |
Performance Compensation
No performance-based director compensation (no stock awards, options, PSUs/RSUs, or performance metrics disclosed for directors) .
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict Considerations |
|---|---|---|
| América Móvil | Director | Potential interlock risk if MXF holds América Móvil; not disclosed in proxy. Monitor holdings and related-party policies . |
Expertise & Qualifications
- Senior leadership in Latin American operations (DuPont) and industry associations (Conmexico/Commexico) .
- Committee chair experience (Contract Review), indicating contract oversight and adviser agreement scrutiny .
- Broad legal and business exposure highlighted by Board’s qualifications narrative .
Equity Ownership
| Date | Shares Beneficially Owned | % of Class | Dollar Range |
|---|---|---|---|
| Dec 31, 2024 | 2,576 | <1% | $10,001–$50,000 (at $13.20 price) |
| Dec 31, 2023 | 0 | <1% | $0 |
- Independent Directors and their immediate families owned no shares of the Adviser or its affiliates as of Dec 31, 2024 (reduces related-party risk) .
Insider Trades
| Period | Result |
|---|---|
| Jan 1, 2023 – Nov 20, 2025 | No Form 4 transactions found for “Claudia Jañez” at MXF (insider-trades skill; no records returned). |
Governance Assessment
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Positives:
- Independent Director with active committee engagement; chairs Contract Review Committee, directly overseeing advisory and services agreements—strong signal for adviser oversight .
- Audit and Nominating Committee membership supports financial reporting rigor and board effectiveness; executive sessions and independent counsel further strengthen governance .
- Attendance compliance (≥75%) and mandated ongoing share purchases until $100,000 align director incentives with shareholders .
-
Potential Risks / RED FLAGS to monitor:
- Public company interlock: Director at América Móvil; monitor Fund holdings for any material exposure and ensure robust handling of potential conflicts (no holdings disclosure in proxy) .
- Ownership guideline shortfall: As of Dec 31, 2024, dollar range $10,001–$50,000 below the $100,000 guideline; policy requires continued purchases to reach target .
- Adviser influence on Board: Adviser’s controlling shareholder serves as interested Director; mitigated by Independent Director majority and Jañez’s chair role in Contract Review .
-
Overall implication:
- Jañez’s chairmanship of Contract Review and participation on Audit/Nominating enhance board effectiveness and investor confidence. Equity accumulation has begun (from 0 to 2,576 shares year-over-year), but continued progress toward the $100,000 guideline will further strengthen alignment .