GrupoNueva establishes a governance strategy for its companies that ensures a framework of control for its administrative and management practices of its companies through a collection of procedures that are aligned with recognized standards and that respond to the interests of shareholders and other stakeholders.

We are convinced that corporate governance practices have a positive influence on the general business climate in the countries in which we operate. 

To this end, our companies have bodies and structures belonging to management, audit committees, compensations and revelations, whistleblowing, as well as an internal audit canal with independent reporting to administration. These bodies’ roles and responsibilities are aligned with corporate strategy and policies. Specific information on individual structures and their main functions are available on the site www.masisa.com.

We in GrupoNueva also act to guarantee the permanent strengthening of control mechanisms through the definition of policies and the implementation of corporate management programs and indicators that allow the periodic monitoring of key variables within our companies. GrupoNueva also has a communications channel and a monitoring process for complaints, denouncements, information, etc. relating to our Business Principles that is accessed via principios@gruponueva.com.

We recognize the multiple benefits of having an administrative system that emphasizes corporate governance. This is particularly due to the raised awareness of management that if we manage our businesses in an efficient and transparent manner and comply with applicable local and international regulations, risks are reduced increasing our credibility and the confidence of our stakeholders.

These good practices have been recognized by IR Global Ranking (that rates relations with investors), the New York Stock Exhange, that recognized MASISA as being among the five leaders in corporate governance in Latin America, according to the 2007 ranking carried out by MZ Consult, the North American financial and investor relations consulting firm.