i. The businesses, matters and risks, including regarding sustainability, that are considered most relevant, as well as the reasons why in the Board's opinion they meet that condition.
Explanation:
The Company adopts this practice by incorporating the businesses, matters and risks considered relevant in the Company's Annual Report into a topic that will form part of the induction process. Additionally, as the Company is a holding company whose only assets are the shares of the publicly traded company Aguas Andinas S.A., which is under its control, it includes relevant parts of the annual Sustainability Report (drafted according to the requirements of GRI4) available at https://www.aguasandinas.cl/la-empresa/desarrollo-sustentable/reporte-de-sustentabilidad |
YES |
ii. The relevant stakeholders identified by the entity as well as the reasons why in the Board's opinion they possess this quality, and the main mechanisms that are used to understand expectations and maintain a stable and lasting relationship with them.
Explanation: The Company adopts this practice based on information contained in its subsidiary Aguas Andinas' Sustainability Report, in which stakeholder groups are identified annually, as well as the mechanism to maintain a strong dialogue with the community.
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YES |
iii. The mission, vision, strategic objectives, principles and values that should guide the actions of the company, its directors and staff, and the policies of inclusion, diversity, sustainability and risk management approved by the Board of Directors.
Explanation: The Company adopts this practice in part, given that (i) it complies by including in the induction of new Board Members topics such as the Company's mission, vision, strategic objectives, principles and values, sustainability, and risk management of its subsidiary Aguas Andinas; and (ii) only does not comply regarding the policies of inclusion and diversity, although it is analyzing the extent of the proposal for both of these social interest matters, based on the principles contained in its Code of Ethics approved by the Board of Directors and available at https://www.iam.cl/en/corporate-governance/documents/code-ethics
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NO |
iv. The most relevant legal framework applicable to the entity, its Board of Directors and its senior executives.
Explanation: The Company adopts this practice, containing an induction procedure that includes the most relevant legal framework applicable to the entity, its Board of Directors and its senior executives.
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YES |
v. The duties of care, confidentiality, loyalty, diligence and information that under current legislation are owed by each member of the Board of Directors, using examples of the most relevant cases, sanctions or pronouncements of such duties that have occurred in the last year at the local level.
Explanation: The Company adopts this practice, developing it based on applicable rules and jurisprudence that serves to illustrate to the Board Members the extent of the referenced duties.
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YES |
vi. The main agreements adopted in the last 2 years upon beginning their role and the reasons taken into consideration for adopting such agreements.
Explanation: The Company adopts this practice by making the referenced minutes available to the new member, which includes the reasoning taken into consideration for the adoption of such agreements.
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YES |
vii. The most relevant items of the quarterly and annual financial statements of the last year, together with its relevant explanatory notes, as well as the accounting criteria applied in producing such financial statements.
Explanation: The Company adopts this practice by including these issues in the induction process, following the accounting criteria applied in the crafting of the financial statements.
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YES |
viii. That which, in the opinion of the Board of Directors, is a conflict of interest and how in its opinion, or following the Code or Manual established for this purpose, and without prejudice to those conflicts of interest specifically addressed by law, situations which might present a conflict of interest should be addressed.
Explanation: The Company adopts this practice in accordance with the "Code of Conduct of the Board of Directors Regarding Conflicts of Interest" of the Company approved at the Company's Board meeting held March 27, 2013.
The "Code of Conduct of the Board of Directors Regarding Conflicts of Interest" is available at the following address:https://www.iam.cl/en/corporate-governance/documents/board-directors-code-conduct
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YES |
