Corporate Governance

Corporate Structure Madeco is committed to continuously improving its Corporate Governance practices and to carry them out ensuring an ethical management of the organization and equalitarian treatment for its shareholders according to Law 18,046 for Public Limited Companies, Law 18,045 of the Securities Market and the regulations of the Superintendence of Securities and Insurance Companies in effect in Chile, as well as the Company’s internal regulation.

Madeco has made arrangements to keep its investors informed of its activities, which implies complying with all the ethical and legal standards on declassification of information.

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(1) After the Shareholders’ Meetings held on April 22, 2010, Felipe Joannon V. was appointed as Vice-Chairman of the Company’s Board, in replacement of Jean Paul Luksic F. who submitted his resignation on March 22, 2010.

(2) The Directors’ Committee of Madeco S.A. is composed by Alejandro Ferreiro Y., Jorge S. Spencer (Independent directors) and Francisco Pérez M.

(3) The Audit Committee is composed by Alejandro Ferreiro Y. and Jorge Spencer S.

(4) After the Shareholders’ Meetings held on April 22, 2010, Jorge Spencer S. was appointed as the second independent director of the Company. This position was performed by Augustus Iglesias P. who submitted his resignation on 1 March 2010 after its appointment as Vice-Secretary of Social Pension of the new Chilean government.