Committees

At CMPC we have a number of committees that coordinate their efforts with those of the Board, including the Board Committees:​

  • Directors’ Committee – responsible for examining the background information concerning related party transactions; reviewing the reports prepared by the external and internal auditors; regulating the senior management compensation system and plans, among other matters.​
  • Ethics and Compliance Committee – the highest Company entity in matters related to ethics and compliance with regulations and internal policies.
  • Audit Committee – supervises and coordinates activities designed to identify, inform about and prevent risks inherent to the business. Reviews the risk matrix and risk reports periodically presented by the Risk Manager to the Board. Also approves the annual audit plan and supervises its execution.​
  • Financial Risks Committee – analyzes the financial risks of the Company, with special attention to derivative contracts and other financial operations.​
  • Sustainability Committee – directly oversees the implementation of the company's sustainability strategy in its economic, social and environmental aspects, as well as proposes improvements in support of CMPC's long-term commitment to sustainable development.

As well as the Executive Committees:​

  • Executive Coordination Committee – meets monthly.​
  • Credit Committee – meets weekly and comprises the CFO and commercial executives.
  • Tax Compliance Committee – monitor and control the correct tax compliance of all subsidiaries and evaluate regulatory changes and tax impacts in each business. Meets monthly.​
  • Administration Committee – ensures compliance with financial accounting standards in all operations, develop jointly processes improvement and alignment within the businesses,share the best  management practices across the businesses, and define and execute plans to achieve common objetives. Meets monthly.
  • Strategic Risk Committee – led by the CEO to support the implementation of the Risk Program troughout the company, defining and managing the main risks and analyzing different solutions in order to optimize a risk-return portfolio.
  • IT Committee – designs and oversees the execution of the company's technology and cybersecurity strategy to allow for maximum value creation and capitalization of information systems. Meets once every two months.

Select:

  • Board Committees
  • Executive Committees