What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to inform the public and shareholders that Southern Copper Corporation is in compliance with the New York Stock Exchange's (NYSE) corporate governance rules, specifically Rule 303A.03, which pertains to executive sessions of independent directors.

What are executive sessions of non-management directors?

Executive sessions of non-management directors are meetings held by the independent directors of a company's board, without any members of management present. These sessions are designed to facilitate open discussion and independent decision-making on important corporate matters.

How does this filing benefit investors?

This filing benefits investors by demonstrating Southern Copper Corporation's commitment to strong corporate governance practices. Adherence to NYSE rules for independent director oversight can enhance transparency, accountability, and ultimately, investor confidence in the company's management and board.

Where can I find more information about Southern Copper's corporate governance?

According to the filing, further details on Southern Copper Corporation's corporate governance guidelines, including information about these executive sessions, are available on the company's official website at www.southerncoppercorp.com.

SCCO 8-K SEC Disclosure

Summary

Southern Copper Corporation (SCCO) filed a Form 8-K on November 7, 2005, reporting on its corporate governance practices related to executive sessions of non-management directors. The company is adhering to New York Stock Exchange (NYSE) Rule 303A.03, which mandates that independent directors meet in executive session without management present on the occasion of each regularly scheduled Board meeting. The company also commits to scheduling special executive sessions if requested by any non-management director and will publicly disclose the name of the director who will preside over these sessions. This disclosure emphasizes SCCO's commitment to good corporate governance and transparency for its shareholders. By following NYSE listing standards, the company aims to ensure that its board operates effectively with independent oversight, which is a key factor for investor confidence. Investors can find further details on these governance guidelines on the company's website.

Key Highlights

1Southern Copper Corp filed an 8-K on November 7, 2005, effective November 6, 2005.
2The filing concerns compliance with NYSE Corporate Governance Rule 303A.03.
3SCCO will hold regular executive sessions of non-management directors at each Board meeting.
4Special executive sessions can be convened upon request from any non-management director.
5The company will publicly disclose the identity of the director who will preside over these executive sessions.
6These disclosures are made to comply with NYSE listing requirements regarding independent director oversight.

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Nov 8, 2005)

Summary

Key Highlights

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