The Board comprises 11 Directors with a broad and complementary set of technical skills, educational and professional experience, nationalities, personalities, cultures and perspectives.

Roles in the Boardroom

Non-Executive Chairman  
Jean-Paul Luksic
  • Leads the Board and ensures its effectiveness in all aspects of its duties
  • Promotes the highest standards of integrity, probity and corporate governance
  • Sets the agenda for Board meetings in consultation with other Directors, members of senior management, and the Company Secretary
  • Chairs meetings and ensures that there is adequate time for discussion of all agenda items, focusing on strategic, rather than routine, issues
  • Promotes a culture of openness and debate within the Board by facilitating the effective contribution of all Directors
  • Oversees Director development, induction and performance reviews
  • Leads relations with shareholders
Senior Independent Director  
Ollie Oliveira
  • Provides a sounding board for the Chairman and supports the Chairman in the delivery of his objectives as required
  • Where necessary, acts as an intermediary between the Chairman and the other members of the Board or the Group CEO
  • Acts as an additional point of contact for shareholders, focusing on the Group’s governance and strategy, and gives shareholders a means of raising concerns other than with the Chairman or senior management
Non-Executive Directors  
Juan Claro
Ramón Jara
Andrónico Luksic C
  • Provide a range of outside perspectives to the Group and encourage robust debate with, and challenge of, the Group’s executive management
  • The Board does not consider these Directors to be independent because they do not meet one or more of the independence criteria set out in the UK Corporate Governance Code2
  • Ensure that no individual or small group of individuals can dominate the Board’s decision-making
Independent Non-Executive Directors  
Ollie Oliveira
Jorge Bande
Vivianne Blanlot
Francisca Castro
Michael Anglin
Tony Jensen
  • Ensure that no individual or small group of individuals can dominate the Board’s decision-making
  • Meet the independence criteria set out in the UK Corporate Governance Code
  • No connection with the Group or any other Director which could be perceived to compromise independence
  • Provide a range of outside perspectives to the Group and encourage robust debate with, and challenge of, the Group’s executive management
CEO   
Iván Arriagada1
  • Leads the implementation of the Group’s strategy set by the Board
  • Manages the overall operations and resources of the Group
  • Leads the Executive Committee and ensures its effectiveness in all aspects of its duties
  • Provides information to the Board and participates in Board discussion regarding day-to-day activities of the Group

 

More information is provided on the Board page

1. The Group’s CEO, Iván Arriagada, is not a director. This is consistent with practice in Chile where local law prohibits CEOs of public companies from being directors of those companies. Despite this, interaction between the Board and executive management is as you would expect between Non-Executive Directors and management in a typical UK-listed company. The CEO and CFO are invited to attend all Board meetings, the CEO is also invited to attend all Board Committee meetings and there is regular formal and informal dialogue between management and the Board. The Board considers that there are considerable benefits associated with having a Board comprising exclusively Non-Executive Directors. Not only does it provide a broad range of perspectives, but also encourages robust debate with, and independent oversight of, the Group’s executive management

2. Ramón Jara provides advisory services to the Group. Andrónico Luksic C is the brother of Jean-Paul Luksic, the Chairman of the Company, and is Chairman of Quiñenco SA and Chairman or Director of Quiñenco’s other listed subsidiaries. Jean-Paul Luksic and Gonzalo Menéndez are also Non-Executive Directors of Quiñenco and some of its listed subsidiaries. Like Antofagasta plc, Quiñenco is controlled by a foundation in which members of the Luksic family are interested. Gonzalo Menéndez, Ramón Jara, Juan Claro and William Hayes have served on the Board for more than nine years from the date of their first election.