Main Corporate Guidelines
MAIN CORPORATE GUIDELINES
The corporate guidelines are an integral part of the corporate governance model; these are called Corporate Policies, which are mandatory for all operations and group companies. These policies contain precise guidelines on substantive matters related to governance, such as the delegation of authority, conflict of interests, powers of attorney, investments in financial instruments, acquisitions and investments, accounting standards, use of privileged information, performance management, compensation, complaints management, crime prevention Law 20.393, Code of Business Conduct, Audit Committee charter, among others .
DIRECTORS' COMMITTEE AND AUDIT COMMITTEE CHARTER
Defines the composition and proper functioning in accordance with local and foreign regulatory requirements .
See link (spanish)
CODE OF BUSINESS CONDUCT
Constitutes a guide of minimum conduct principles for all employees, contractors, consultants and members of the Board of Directors; it is the responsibility of all persons to comply with the provisions of this Code, regardless of their contractual status and position within the group, as well as all those who provide services to the Company.
See Link :
Code of business conduct (spanish)
Establishes complaints management, keeping them confidential for the inquiry regarding potential violations of the Code of Business Conduct.
See Link :
Anonymous Reports (spanish)
CRIME PREVENTION LAW 20.393
Supports the adoption, implementation and operation of the crime prevention model pursuant to Law N°20.393 .
See Link (spanish)
USE OF PRIVILEGED INFORMATION
It is a supplementary standard to the Code of Business Conduct, designating certain minimum criteria or guidelines on the management and protection of information; it aims at applying principles of transparency and fairness and substantially reducing the risk of people affected to incur in a breach or violation of applicable law. Record shows that obligations are personal.
See Link (spanish)
CONFLICTS OF INTEREST
Points out how to manage conflicts between the interests of individuals or of third parties who are involved in decision-making, with the Company's interests.
GRANTING OF POWERS OF ATTORNEY
Indicates restrictions, limits, exclusions and joint actions with which representatives must operate in the group companies.
Regulatesthe participation in the capital market through principles related to prudence,safety, liquidity, profitability, diversification, speculation, term,investment limits, types of instruments and rating of risks to consider, notingalso the proper custody.
PURCHASES AND INVESTMENTS
These standards establish the conceptual technical framework for accounting, based on international financial reporting standards, which are authorized by the Board of Directors and applicable in the preparation of the Group's consolidated financial statements.
RISKS AND INTERNAL CONTROL SYSTEM
This guideline aims at having standard mechanisms in relation to internal control over financial reporting and asset protection .
These are general guidelines for Coca-Cola Andina's salary compensation management, on aspects that need to be standardized and aligned with its business strategy and results. It promotes the implementation of a system of evaluation of positions and salary management policies for the purpose of internal fairness, external competitiveness and recognition of meritorious performance, and recruitment and retention effectiveness.
It establishes and formalizes the unique methodology of performance management and develops a performance evaluation system, applicable to all of the Group's companies.