CasCan Mining has implemented a Corporate Governance Plan, which outlines a framework on which a comprehensive system of control and accountability for the administration of corporate governance is enforced. Our Board of Directors is fully committed to the administration of these policies and procedures in a fully transparent and uniformly consistent manner compatible with successful business practices.
CasCan Mining’s board of directors is ultimately responsible for overseeing the implementation of the company’s business affairs. The board’s authority in these matters is in accordance with the provisions laid out by the Chilean Corporations Act of 1981 in addition to the company’s own By-laws. The Board’s activities and duties are furthermore regulated by procedural rules which have been accepted and endorsed by the Board. The Board conducts reviews of its directives and policies on a regular basis and monitors the alignment between its corporate governance practices and Chilean regulatory guidelines.
The Board of CasCan Mining meets on a regular schedule to conduct business, including issuing approval of the company’s quarterly and annual financial statements. The Chairman of the board in conjunction with the head director, are jointly responsible for ensuring the Board’s management, development and performance, in addition to the company’s growth and condition by maintaining comprehensive contact with the company’s President and CEO, whilst ensuring that all relevant reports covering the company’s business and operations are received by the Board, including those detailing the company’s profits, liquidity and contractual matters of note.