RE:Raul Millares- Energy Manager at ALFA. Now CGX INSIDERBased on the definition of Insider, then can we assume Ral owns at least 10% of the voting shares? DEFINITION of 'Insider' A director or senior officer of a company, as well as any person or entity that beneficially owns more than 10% of a company's voting shares. For purposes of insider trading, the definition is expanded to include anyone who trades a company's shares based on material non-public knowledge. Insiders have to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company.