The Directors Committee is responsible for,

examining the background information concerning related party transactions;

examining the reports prepared by the external and internal auditors;

examining officers’ compensation systems and plans, among other matters.

Vivianne Blanlot

Vivianne Blanlot studied Economy at the Pontificia Universidad Católica de Chile and received a Master in Economy from the American University. Between 1995 and 1997 she served as Executive Director of the CONAMA (for its Spanish abbreviation; National Environmental Commission). In 2000 she became the Executive Secretary of the Energy Committee and also served as Defense Minister from 2006 to 2007. She is currently Consultant of the Transparency Committee, Director of Antofagasta Minerals, Colbun S.A., ECONSSA, Banco del Estado and member of the Universidad de Santiago Directive Committee. Since 2007 she is the Chairman of Chilean Chapter of Regional Energetic Integration Commission. She was appointed Director of CMPC in April 2016.

Rafael Fernández, Independent

Rafael Fernández studied Engineering at the Pontificia Universidad Católica de Chile and completed Superior Studies in Business Administration (ESAE) in the same university. Also, he completed an Advanced Management Program from Duke University. Between 2002 and 2006, Mr. Fernández was Director and Executive Director of Gas and Energy business of Petrobras Energía-Argentina, Chairman of Edesur, Transener, Transba and TGS, among others. Between 2006 and 2010 he was Director and CEO of Petrobras Chile Petrolera Ltda. and he was Director of Enersis. In 2008 he became Director of PC Industrial and Real State. He is currently Director of Australis Seafood S.A. and Chairman of the Director’s Committee of the same company. He was appointed Director of CMPC in April 2016.

Jorge Marín, Independent

Jorge Marín studied Business Administration at the IPEVE. In 1996, Mr. Marín became Director of CMPC. Mr. Marín is also Vice Chairman of Detroit Chile S.A. and is also member of the Board of Director of Grupo Security S.A. and Banco Security S.A. He is also member of the Advisor Committee of Universidad del Desarrollo, Universidad de los Andes Business School and CEP (for its Spanish abbreviation; Public Studies Centre).