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

Board roles and responsibilities

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  

Francisca Castro1
  • 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  

Ramón Jara
Juan Claro
Andrónico Luksic C.
Vivianne Blanlot4
Jorge Bande1
Michael Anglin1
María Eugenia Parot1
Heather Lawrence
  • 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 Ramón Jara, Juan Claro and Andrónico Luksic C. to be independent because they do not meet one or more of the independence criteria set out in the UK Corporate Governance Code3
  • Ensure that no individual or small group of individuals can dominate the Board’s decision-making
CEO   
Iván Arriagada2
  • 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 and makes recommendations to the Board regarding the Group’s day-to-day activities and long-term plans

 

More information is provided on the Board page

1. The Board reviews the independence of Directors annually. The Board has carefully considered the independence of all Directors and is satisfied that Vivianne Blanlot, Jorge Bande, Francisca Castro, Mike Anglin, Tony Jensen and Eugenia Parot continue to be independent in character and judgement and that there are no relationships or circumstances that are likely to affect, or could appear to affect, their judgement. Heather Lawrence was appointed to the Company’s Board of Directors on 18 April 2023.

2. Chilean law prohibits CEOs of listed companies from being directors of those companies. 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.

3. 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 is also a Non-Executive Director 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. Ramón Jara and Juan Claro have served on the Board for more than nine years from the date of their first election.

4. Vivianne Blanlot was an independent Non-Executive Director until 27 March 2023, the ninth anniversary of her appointment to the Board.