The Board of Directors meets at least quarterly with the company's risk management unit or equivalent responsible party, to analyze:
Explanation: The Company does not adopt this practice, since as a holding company with only 4 employees it does not have a risk management unit.
In any event, it is noted that the company regularly carries out an analysis of the risks of its subsidiary Aguas Andinas S.A., which is the Company’s only asset. |
NO |
i. The adequate functioning of the risk management process.
Explanation: The Company does not adopt this practice, since as a holding company with only 4 employees it does not have a risk management unit.
In any event, it is noted that the company regularly carries out an analysis of the risks of its subsidiary Aguas Andinas S.A., which is the company’s only asset. |
NO |
ii. The risk matrix used by the unit as well as the main risk sources and methodologies for the detection of new risks and the probability and impact of the occurrence for the most relevant risks.
Explanation: The Company does not adopt this practice, since as a holding company with only 4 employees it does not have a risk management unit.
In any event, it is noted that the company regularly carries out an analysis of the risks of its subsidiary Aguas Andinas S.A., which is the company’s only asset. |
NO |
iii. The recommendations and improvements that in the opinion of the unit are relevant to carry out to manage the company's risks in the best manner.
Explanation: The Company does not adopt this practice, since as a holding company with only 4 employees it does not have a risk management unit.
In any event, it is noted that the company regularly carries out an analysis of the risks of its subsidiary Aguas Andinas S.A., which is the company’s only asset. |
NO |
iv. The contingency plans designed to react to the materialization of critical events, including the continuity of the Board of Directors in crisis situations.
Explanation: The Company does not adopt this practice, since as a holding company with only 4 employees it does not have a risk management unit.
In any event, it is noted that the company regularly carries out an analysis of the risks of its subsidiary Aguas Andinas S.A., which is the company’s only asset. |
NO |
