In compliance with the stipulations set forth in article 50 bis of Law 18,046 on corporations, SONDA has a Directors Committee consisting of three Board members. Their functions are established in the legal framework currently in force. During the session held on April 24, 2017, the Board appointed Mr. Juan Antonio Guzmán Molinari, Mr. René Lehuedé Fuenzalida and Mr. Mateo Fernando Budinich Diez, all Independent Directors, to the Directors Committee.
The general activities of the Directors Committee include examining external auditor reports, the balance sheet and other financial statements and provide feedback before presenting them to shareholders for approval. In addition, they have to analyze information related to the operations covered by Title XVI of Law 18,046 and submit the report associated to said operations; examine payroll systems and compensation plans for managers, principal executives and workers; propose External Auditors and Private Credit Rating Agencies to the Board and prepare an annual report of their management term, including main stockholder recommendations, among others.