Corporate Governance

Members of the Board of Directors were chosen by shareholders. Since 2016, it consists of nine directors, both related to the parent company and independent. Their positions are held for three years. Ordinary sessions occur once a month and extraordinary sessions as needed.

The main purpose of the Board of Directors, regulated by Law 18,046 on private companies, is the administration of the company. It is responsible for strategic planning, including the review, correction, validation and supervision of its execution, as well as the annual business plan and its corresponding budget.

The Board meets at least once a quarter, with members of the external auditing company in charge of auditing the company’s financial statements, in order to analyze the auditor’s plan and other relevant issues.

Members


Luis Felipe Gazitúa A.

President

Date of appointment

4/29/2016

Vivianne Blanlot S.

Director

Date of appointment

4/29/2016

Rafael Fernández M.

Director

Date of appointment

4/29/2016

Jorge Larraín M.

Director

Date of appointment

4/29/2016

Jorge Matte C.

Director

Date of appointment

4/29/2016

Bernardo Matte L.

Director

Date of appointment

4/29/2016

Jorge Marín C.

Director

Date of appointment

4/29/2016

Ramiro Mendoza Z.

Director

Date of appointment

4/29/2016

Pablo Turner G.

Director

Date of appointment

4/29/2016

Board of directors committees

In order to support the work of the Board of Directors and thus allow an adequate management of the corporate governance of CMPC, committees have been established to deal with specific matters and ensure the correct and timely execution of their decisions. These are:



Directors´ Committee

MEMBERS: Three directors of CMPC, of which two are independent.

PERIODICITY: The committee meets monthly.

MAIN RESPONSABILITIES: Carries out the functions established in Article 50 bis of Law N° 18.046.

Integrantes

Jorge Marín

Vivianne Blanlot

Rafael Fernández

Audit Committee

MEMBERS: The Chairman of the Board of Directors of CMPC, two directors and the Chief Legal Officer.

PERIODICITY: The committee meets monthly.

MAIN RESPONSABILITIES: Supervise the execution of the annual audit plan, evaluating the effectiveness of the controls implemented to mitigate the identified risks. The Internal Audit Manager reports directly to this instance.

Integrantes

Luis Felipe Gazitúa

Ramiro Mendoza

Vivianne Blanlot

Rafael Cox

Ethics and Compliance Committee

MEMBERS: The Chairman of the Board of Directors of CMPC, a director, the CEO of CMPC and the Chief Legal Officer.

PERIODICITY: The committee meets monthly.

MAIN RESPONSABILITIES: Supervise the execution of the Compliance Strategy (Integrity and Compliance Program) as well as learn about the internal investigation processes carried out, resolving on the adoption of corrective measures as appropriate.

Integrantes

Luis Felipe Gazitúa

Ramiro Mendoza

Francisco Ruiz-Tagle

Rafael Cox

Financial Risks Committee

MEMBERS: The Chairman of the Board of Directors of CMPC, two directors, the CEO of CMPC, the Finance Manager, the Chief Legal Officer and an external adviser appointed by the Board.

PERIODICITY: The committee meets quarterly.

MAIN RESPONSABILITIES: Supervise the adequate identification and mitigation of the Company’s financial risks, recommending the adoption of measures for its correct management.

Integrantes

Luis Felipe Gazitúa

Jorge Marín

Bernardo Matte L.

Francisco Ruiz-Tagle

Ignacio Goldsack

Rafael Cox

an external consultant assigned by the Board of Directors.

Sustainability Committee

MEMBERS: The Chairman of CMPC and two Board´s directors: Vivianne Blanlot e Bernardo Matte I., the CEO, the Manager of Corporate Affairs, and the Manager of Sustainability and Environment.

PERIODICITY: It meets once every two months for a total of six annual meetings.

MAIN RESPONSABILITIES: It was created by the CMPC Board to directly supervise the implementation of the company sustainability strategy in its economic, social and environmental aspects, as well as to propose improvements that would allow to enhance the CMPC long-term commitment to sustainable development.

Integrantes

Luis Felipe Gazitúa

Vivianne Blanlot S.

Bernardo Matte I.

Francisco Ruiz-Tagle E.

Guillermo Turner O.

Nicolás Gordon A.

Senior executives

The CEO manages the senior executives, all of whom are highly professional and responsible for the implementation of the guidelines of the Board of Directors.


Francisco Ruiz-Tagle Edwards

CEO

Date of appointment

01/08/2018

Rafael Cox Montt

Chief Legal Officer

Date of appointment

01/01/2010

Gonzalo Darraidou Díaz

CEO of Softys

Date of appointment

01/11/2015

Ignacio Goldsack Trebilcock

Finance Manager

Date of appointment

01/02/2016

Jorge Navarrete García

CEO of CMPC Biopackaging

Date of appointment

01/02/2020

Jaime Argüelles Álvarez

CEO of CMPC Pulp

Date of appointment

01/01/2019

José Antonio Correa García

Corporate Development Manager

Date of appointment

01/12/2018

Guillermo Turner Olea

Corporate Affairs Manager

Date of appointment

01/05/2016

Rodrigo Hetz Pincheira

Chief Human Resources Officer

Date of appointment

4/03/2019

Felipe Alcalde Arrau

Innovation Manager

Date of appointment

4/03/2019