Crime Prevention Model

Law on Criminal Liability of Legal Entities

Masisa has a crime prevention model to comply with Law 20.393 on Criminal Liability for Legal Entities based on a governance framework composed of policies and procedures that regulate processes that could be related to the crimes defined therein.

This model is extended to all other countries where Masisa is present: Mexico, Venezuela, Ecuador, Peru and Colombia, the latter with the implementation of SAGRILAFT1 and PTEE2, in accordance with local legal requirements.

The internal audit manager was appointed by the Board of Directors as the person in charge of crime prevention, for a period of three years, and has been extended for periods of the same duration to date. The last appointment was made at the Board meeting in October 2023.
The last appointment was made at the Board of Director's meeting in October 2023.

The person in charge of prevention, being the audit manager, has absolute autonomy with respect to management, and has direct communication with the Board of Directors and the Risk and Audit Committee, which is composed of Masisa directors.

Masisa is currently in the process of updating the Model, as a result of the regulatory change generated by the publication of Law 21,595 on economic crimes by the Chilean Ministry of Justice and Human Rights. This law systematizes economic crimes and attacks against the environment, regulates the penalties and additional consequences applicable to the persons responsible for these crimes and modifies various legal bodies, including Law 20,393.