Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 126

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 6
Chunk 126
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F and compliance with Section 404 of the Sarbanes-Oxley Act.
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●   Prepare the budget proposal for the Committee’s operation.
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●   Review internal audit reports.
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●   Subject to the duties of the Audit Committee, periodically interview the Company’s external auditors’ representatives.
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●   Review operating budget between related companies (production joint ventures).
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●   Review corporate insurances.
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●   Review and approve press releases that refer to the Company’s communications.
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●   Review the Company’s four operations’ internal control standards, including critical risks in accounting processes, compliance of corporate policies, tax contingencies and status of internal and external audit observations.
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●   Analyze risk management model.
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●   Review Crime Prevention Model.
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●   Review advances in Cybersecurity and IT.
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●   Review judicial procedures and contingency analysis.
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●   Review tax status.
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●   Authorization of non-prohibited services.
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●   Analysis of impairment test.
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●   Review of “Oficio CMF”.
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●   Prepare the Annual Management Report and Agenda.
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Audit Committee
In accordance with NYSE and SEC requirements, the Board of Directors established an Audit Committee on July 26, 2005. The current Audit Committee was elected during the Board Meeting held on April 30, 2024. The Committee is comprised of the directors Mr. Domingo Cruzat Amunátegui, Mr. Gonzalo Parot Palma, and Mr. Juan Gerardo Jofré Miranda, all of whom have been determined by the full Board to fulfill the independence standards set forth in Rule 10A-3 of the U.S. Exchange Act and applicable NYSE rules. The Board of Directors determined that Mr. Parot Palma qualifies as the audit committee financial expert in accordance with the definitions of the SEC.
The resolutions, agreements and organization of the Audit Committee are governed by the rules relating to Board Meetings and to the Company’s Directors’ Committee. Since its creation, the sessions of the Audit Committee have been held with the Directors’ Committee since some of the functions are very similar and the members of both of these Committees are the same.
The Audit Committee Charter, which is available on our website: www.koandina.com, defines the duties and responsibilities of this Committee. The Audit Committee is responsible for analyzing the Company’s financial statements; supporting the