For more information on CMPC corporate policies and regulations, click here.
General Principles of Tax Management
CMPC has a company-wide tax management procedure which covers all taxes, tax collections, amounts, charges, payments and withholdings applicable to Empresas CMPC and its subsidiaries. It includes the following elements:
- A commitment to comply with the spirit and letter of the tax laws and regulations of the countries in which the company operates
- A commitment not to transfer the value created to low tax jurisdictions
- A commitment not to use tax stuctures without commercial substance
- A commitment to use transfer pricing using the arm's length principle
To review CMPC General Principles of Tax Management, click here.
CEO Variable Compensation Structure
CMPC has predefined financial returns which determine a significant part of the Chief Executive Officer's variable compensation, with them being return on invested capital and distributable net income. Additionally, the CEO's compensation structure is aligned with the company’s long-term results. The CEO’s performance evaluation, which also determines part of his variable compensation, weighs the progress towards the following aspects: Implementation of long-term business strategies, environmental management, organizational change management, development of large capital projects and development of innovation capabilities. Currently the longest performance period covered to evaluate the variable compensation is 10 years, which relates to the achievement of CMPC's 2030 sustainability goals.
CMPC has made available to all its stakeholders a 24/7 online hotline, guaranteeing their anonymity and confidentiality (if they so wish). It can be used to report acts or behaviors that can be considered or could lead to a violation of the company values, corporate policies and active laws.
The investigation of any claim is coordinated by the Legal Department, directly reporting to the Ethics and Compliance Committee. In accordance with the established in the Policy of Integrity and Compliance, the company does not retaliate, neither tolerates any retaliation, against any claims made in good faith.