bci

· Board of Directors ·

The Corporation’s directors are selected by virtue of their intellectual, professional and ethical attributes. In addition, they are people that have been outstanding in their respective areas of influence. While there are no formal requirements for joining the board, over and above those established by law, the board has traditionally been made up of professionals and business people not related to the controlling agreement or the Yarur family, with the exception of the Chairman.

Luis Enrique Yarur Rey - Chairman

He holds a degree in law from Universidad de Navarra, Spain and a Master’s degree in economics and business administration from the Instituto de Educación Superior de Empresas (IESE), Spain. He is currently the Chairman of Empresas Juan Yarur S.A.C; Vice-Chairman of the Asociación de Bancos e Instituciones Financieras A.G.; member of the Business Advisory Council of the Centro de Estudios Superiores de la Empresa at Universidad de los Andes (ESE); director of Bci Seguros de Vida S.A. and of Bci Seguros Generales S.A.; Chairman of Empresas Jordán S.A.; Chairman of Salcobrand S.A.; Vice-Chairman of Viña Morandé S.A. and a director of Banco de Crédito del Perú. Prior to his current position, he was the CEO of Bci for 11 years.

Number of votes obtained: 13,000,885

Part of the following committees: Board’s Executive Committee, Finance and Corporate Risk Committee, Corporate Governance and Corporate Social Responsibility Committee, Compensation Committee.

Lionel Olavarría Leyton - Vice-Chairman

He holds a degree in industrial civil engineering from the University of Chile, and an MA in economics and business administration from the IESE of the University of Navarra in Spain. He joined Bci in 1981, and became the CEO of the Bank in 1993 up until March 2015. With over 38 years of experience in the national and international banking sector, he is also a member of Visa’s Latin American Consultancy Council, of Sinacofi’s executive committee, a director of Bci Seguros Generales S.A., Bci Seguros Vida S.A. and Empresas Juan Yarur S.A.C.

He has held several positions in companies and been on their boards, such as the controller of the Chemical Bank in Spain, a director of Visa Internacional Latinoamérica, Chairman of the Chilean Global Compact network, founding Chairman of Redbanc S.A., Chairman of Transbank S.A., Chairman of Servipag S.A., Chairman of Artikos Chile S.A., Chairman of Banco Conosur and Bci Factoring S.A., a director of Financiera Solución in Peru, Edibank S.A., Bancrédito Leasing, AXA-BCI S.A. and Parque del Sendero S.A., Bci Corredor de Bolsa S.A., Bci Asesoría Financiera S.A. and Tuves S.A. He was also Chairman of the Chilean Association of Banks and Financial Institutions’ CEO Committee for 15 years.

Dionisio Romero Paoletti - Director

He is Chairman of Credicorp and Banco de Crédito del Perú - BCP and has been the CEO of Credicorp since 2009. He has been a director of the BCP since 2003, and was appointed Vice-President of the Board in 2008. He is also the President of the Board of Pacífico Peruano Suiza Cía. de Seguros y Reaseguros S.A and El Pacífico Vida Cía. de Seguros y Reaseguros S.A. He is Chairman of the Romero Group companies, such as Alicorp S.A.A., Ransa Comercial S.A., Industrias del Espino S.A., Palmas del Espino S.A., Agrícola del Chira S.A., Compañía Universal Textil S.A., among others. Likewise, he is Vice-President of the Board of Inversiones Centenario S.A. and a director of Hermes Transportes Blindados, and Cementos Pacasmayo S.A. He holds a degree in economics from Brown University, United States, and an MBA from Stanford University, USA.

Number of votes obtained: 8,234,697 

Part of the following committees: Board’s Executive Committee.

Francisco Rosende Ramírez - Independent Director

He holds a degree in business administration from the University of Chile, and an MA in economics from the University of Chicago, United States. He was the Research Manager of the Chilean Central Bank and member of the Free Competition Tribunal. He is the author of various books and numerous economic publications. From 1995 through 2013, he was the dean of the economic and administrative sciences faculty of the Catholic University of Chile and is associate researcher at the Public Studies Center, in addition to being a columnist for the El Mercurio and El País (in Uruguay) newspapers.

Number of votes obtained: 10,149,876 

Part of the following committees: Board’s Executive Committee, Directors’ Committee, Finance and Corporate Risk Committee.

Jose Pablo Arellano Marin - Director

He holds a degree in economics from the Catholic University of Chile, and MA and Ph.D in economics from Harvard University. He is a director of companies and senior economist of the Corporation for Latin American Studies (CIEPLAN) and tenured professor at the University of Chile. He was the CEO of CODELCO, Education Minister, National Budget Director and President of Fundación Chile.

Number of votes obtained: 9,954,460 

Part of the following committees: Board’s Executive Committee, Corporate Governance and Corporate Social Responsibility Committee.

Juan Manuel Casanueva Prendez - Director

He holds a degree in civil engineering from the University of Chile. He is the President of Grupo Gtd and he is currently a director of the Rodelillo Foundation and of the Corporación del Patrimonio Cultural (Cultural Heritage Corporation). He is also a member of the Advisory Council of the Centro de Estudios Superiores at the Universidad de los Andes (ESE) and of the Business Council of the enterprise center at Universidad del Desarrollo.

Number of votes obtained: 9,954,343 

Part of the following committees: Board’s Executive Committee, Finance and Corporate Risk Committee, Compensation Committee.

Mario Gomez Dubravcic - Director

He holds a degree in business administration from the Catholic University of Chile, with postgraduate studies at Universidad de los Andes. He came to Bci in 1981 as an advisor to the head of the finance division and the same year was appointed the chief financial officer. In 1983, he was appointed division head and was responsible for creating all of the subsidiaries and related companies. He was President of the Board of Fondos Mutuos Bci, of Bci Asesoría Financiera, a director of Bci Corredora de Bolsa, Servipag, Depósito Central de Valores, of Bci Factoring and Bci Securitizadora, of Bci Compañía de Seguros Generales y de Vida, of Bci Corredora de Seguros, of Bci Administradora General de Fondos, Chairman of Artikos, and Vice-chairman of the Board of Transantiago’s financial administration. In 1998 he became the commercial manager of corporations and in 2006 the Commercial Banking manager. He was appointed a director of Bci in 2011. He has 31 years of experience in the banking industry and in Bci.

Number of votes obtained: 9,954,343 

Part of the following committees: Board’s Executive Committee, Finance and Corporate Risk Committee, Corporate Governance and Corporate Social Responsibility Committee, Compensation Committee.

Máximo Israel López - Independent Director

He holds a degree in business administration from the Catholic University of Chile. He is an entrepreneur and independent advisor. He was the founding partner and president of the board of Atton Hoteles, Enaex S.A., Abastible S.A., Transbank S.A., and Redbanc S.A., among others. He is a director of the companies Econssa Chile S.A. and CTI S.A.

Number of votes obtained: 8,128,471  

Part of the following committees: Board’s Executive Committee, Directors’ Committee, Compensation Committee.

Juan Ignacio Lagos Contardo - Director

He holds a degree in law from the University of Chile. He is a professor of economic law at the Universidad de los Andes. He is the founding partner of the law office Yrarrazaval, Ruiz-Tagle, Goldenberg, Lagos & Silva Abogados Ltda. He was a director of Bci Corredora de Bolsa and companies like Diario Financiero S.A., Aetna Seguros de Vida S.A., Aetna Seguros Generales S.A. and MinePro Chile S.A.

Number of votes obtained: 9,195,289  

Part of the following committees: Board’s Executive Committee, Corporate Governance and Corporate Social Responsibility Committee.

BOARD REMUNERATION



For more information about the Board and its functions, download 2013 sustainability report.