Management

Management has the primary responsibility for the design, dissemination, follow-up, effectiveness and updating of the Corporate Government Strategy. It is assisted by the corporate functional and operational levels and provides leadership and establishes the necessary parameters in order to assure an adequate and effective control environment at all levels, being directly involved in order to achieve the planned objectives. The compliance of such roles is carried out through adequate internal control processes that include periodic meetings with the key teams and visits to the countries and business units where MASISA has operations.

The level of authority exercised by Management is the one formally delegated by the Board of Directors through the Authority Delegation Policy. In order to support the board members and the Audit Committee in the complete, timely and adequate issue of the company’s financial information towards its public stakeholders, the company instituted the aforementioned Disclosure Committee.