Strong and effective governance is essential to the long-term success of our Group. Our governance structures are designed to enable us to focus on the matters and issues that will shape our future.
Antofagasta plc Board
The Board’s role is to promote the long-term, sustainable success of the Company, generating value for shareholders and contributing to wider society. The Board has established the Company’s purpose, values, strategy and risk appetite and monitors the culture of the Group as well as ongoing performance against these measures.
- Strategy and management
- Shareholder engagement
- Internal controls, risk management and compliance
- Financial and performance reporting
- Structure and capital
- Approving material transactions
For more information, please read the Schedule of Matters Reserved for the Board (PDF)
For more information on the responsibilities of the Chairman, the Senior Independent Director and the CEO, please see the Responsibilities of the Chairman, Senior Independent Director and the Chief Executive Officer (PDF)
CEO and Executive Committee
The Board has delegated day-to-day responsibility for implementing the Group’s strategy and fostering the corresponding organizational culture to the Company’s CEO.
The CEO is not a Director of the Company but is invited to attend all Board and Committee meetings and is supported by the members of the Executive Committee, each of whom has executive responsibility for his or her respective functions.
The CEO chairs the Executive Committee. The Executive Committee reviews significant matters and approves expenditure within designated authority levels.
The Executive Committee leads the annual budgeting and planning processes, monitors the performance of the Group’s operations and investments, evaluates risk and establishes internal controls, and promotes the sharing of best practices across the Group.