The Board of Directors has a procedure or ongoing training mechanism of the Board of Directors for updating knowledge, that:
i. Defines at least annually the issues around which training will be carried out to its members and the calendar of training sessions for the following year.
Explanation:
The Company adopts this practice by using a training procedure for updating knowledge. This was approved by the Board of Directors in its ordinary session on December 16 2015. |
YES |
ii. As part of these issues contemplates best practices of corporate governance that have been adopted by other entities at the local and international level.
Explanation:
The Company adopts this practice by including in its analysis those best practices that have been adopted locally and internationally that serve to resolve real needs detected within the Company. |
YES |
iii. As part of these issues contemplates the main advancements that have occurred in the last year at the local and international level regarding inclusion, diversity, and the sustainability reports.
Explanation: The Company adopts this practice as it incorporates into its analysis those advancements which have occurred over the last year at a local and international level. |
YES |
iv. As part of these issues contemplates the main risk management tools, including those regarding sustainability, which have been implemented in the last year at the local and international level.
Explanation: The Company adopts this practice by contemplating in the analysis the main risk management tools, including those of - sustainability, which have been implemented in the last year at the local and international level. |
YES |
v. As part of these issues contemplates the most relevant cases, sanctions or pronouncements that have occurred in the past year at the local and international level with the duties of care, confidentiality, loyalty, diligence and information.
Explanation:
The Company adopts this practice, giving ongoing attention to the cases, sanctions or pronouncements that in its judgment are relevant for demonstrating to its Board Members the extent of its fiduciary duties. |
YES |
vi. As part of these issues contemplates a review of examples of situations that produce a conflict of interest in the Board and ways in which those conflicts can be avoided or resolved in the best corporate interest.
Explanation:
The Company adopts this practice. Note that these issues are also included in the Code of Ethics and the Board of Directors Code of Conduct Regarding Conflicts of Interest approved by the Board of Directors in the meeting held March 27, 2013. The aforementioned codes are available at the following addresses: Code of Ethics: https://www.iam.cl/en/corporate-governance/documents/code-ethics and Board of Directors Code of Conduct Regarding Conflicts of Interest: https://www.iam.cl/en/corporate-governance/documents/board-directors-code-conduct |
YES |
vii. Annually distributes the matters concerning which Board training activities have been conducted over the past year.
Explanation:
The Company will publish in its annual report the training activities which the Directors have been part of during the last year. |
YES |
