Purity and transparency are also reflected in our way of doing business.
We seek to develop solid, honest and long- term business relationships with our clients, partners and collaborators around the world.
Corporate governance and business integrity
The Company’s corporate governance structures play an essential role in sustainable value management, by adopting ethical and professional values that ensure regulatory compliance and promote the integrity of each person in the Company.
SHAREHOLDERS
Golden Omega is a closed corporation, made up of the shareholders Orizon SA, Corpesca SA and Logística Ados SA (Härting Group). Orizon and Corpesca are fishing companies owned by Empresas Copec SA, one of the largest publicly traded companies in Chile, with operations in natural resources and energy throughout the world. The Härting Group has extensive experience in chemical specialties, with operations in Chile and the world.
Board of directors and administration
Our Board of Directors is elected by vote at the Ordinary General Shareholders’ Meeting, for a period of 3 years. It is made up of 7 Directors, none of whom hold an executive position in the Company. The Directory meets monthly.
The Board of Directors delegates to the Company’s Administration, made up of the managing director and the 13 executives in Chile who report to him, the implementation of the corporate strategy and the treatment of the different environmental, social and governance issues of the Company. The managing director reports monthly to the Board on the management of these matters.
Other components of corporate governance
CRIME PREVENTION MODEL (CPM) AND ANTI-CORRUPTION
It corresponds to the system that aims to prevent the crimes indicated in Chilean Law 20,393, among which bribery, money laundering, terrorism, reception, unfair administration, incompatible negotiation (conflicts of interest) and corruption between individuals, among others. The CPM contains the following elements:
Code of Ethics: Establishes ethical principles that guide the conduct of each member of the organization in the development of their activities promoting an environment of transparency, rectitude, respect and personal integrity that permeates the Company’s culture.
Ethics Committee: Advises the board of directors on matters of ethics and organizational conduct. It is made up of a director, the managing director and a legal advisor.
Crime Prevention Officer: Responsible for promoting, applying and supervising the regulations established in the CPM. Reports to the Company’s board of directors, not having any other position in it.
Complaint channel: Available on the company’s website to report by any person the crimes set forth in Law No. 20,393 and other improper conducts, with total confidentiality. It is managed by the Crime Prevention Officer.
RISK COMMITTEE
It establishes guidelines for the Company’s risk management, considering a methodology to identify, evaluate, weigh their impact, mitigate and monitor them, all in order to improve decision-making.
INFORMATION SECURITY COMMITTEE
Responsible for promoting the Policies and Procedures on information security and ensuring compliance.
SUSTAINABILITY COMMITTEE
Its purpose is to establish the guidelines for the implementation, monitoring and continuous improvement of the sustainability strategy and initiatives, as detailed in Chapter 3 of this report.
CRISIS COMMITTEE
Its objective is to face important contingencies as a team.
EXTERNAL AUDIT
Responsible for examining and issuing his opinion on the financial statements of the Company. The auditing company is appointed by the Ordinary General Meeting of Shareholders, being the firm KPMG chosen for the period 2021.
INTERNAL AUDIT
Responsible for evaluating the internal control of the Company. Reports directly to the President of the Board. Currently, this function is performed by Servicios Corporativos SerCor SA.
The policies and rules that define the Corporate Governance of Golden Omega are described in the following documents:
Commitment to human rights
We develop our activities in a business environment where we seek to encourage active cooperation with all stakeholders, in order to responsibly be connected to the social and human development of the community. This is how we care that our activities respect the human rights of workers, and of all our stakeholders.
Respect for free competition
Free competition is an essential basis for the development of the markets in which we participate, since it allows the generation of greater wealth, equal opportunities, greater efficiency in production, in addition to encouraging innovation.
Industry collaboration
The Company’s participation in business and industry guilds allows it to contribute to the definition of common objectives to achieve the sustainability of the industry, always following the principles of free competition and ethics described above.
Global Organization for EPA and DHA Omega-3s (GOED)
Board member
Sociedad de Fomento Fabril
Partner
Asociación Gremial de Industriales de Arica
Partner
During the year 2021, Golden Omega held the Presidency of the GOED, an organization that brings together more than 150 entities from the global Omega-3 industry and seeks to promote the consumption of Omega-3 by informing the scientific and medical community, educate the consumer and define the highest ethical and quality standards for the industry’s products, always maintaining sustainability as a central pillar of the industry.
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