What Corporate Governance is
Over the past years, the legal framework to protect minority shareholders has widened considerably, particularly in the United States and several European countries. Since then, effective Corporate Governance has become pivotal to ensure transparency in the operations of any company listed in the stock exchange, to protect the interests of shareholders and the community in general.
It consists in the regulation, by means of a code of conduct, of relationships among the shareholders, management, financial investors, regulating groups and the community in order to settle conflicts of interests. Good Governance fosters transparency by ensuring ethical and responsible principles of conduct.
We are striving to develop and enhance our policies and procedures, by adhering to the best international practices. We aspire to protect and enhance shareholder value, seeking to guarantee:
- Improved transparency in management through the outlining of a culture of integrity and openness in the conduct of our business.
- Effective monitoring through: the continuous improvement of our internal control structure, leadership in the compliance with regulations and the adoption of policies addressed to achieve effective risk management.
- Proper allocations of accountability. Clear outlining of the extent of responsibility assumed by the board and the managers of our company, related to the compliance with internal policies and regulations.