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Sustainability Report
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Corporate Governance

Good corporate governance practices are a pillar that supports our business. Our priority is to act always guided by ethics, integrity, and transparency.

In recognition of our commitments and advances in governance, in 2021, for the fifth time in a row, we received certification in the Governance Indicator from the Secretariat for Coordination and Governance of State-owned Companies (IG-Sest), of the Ministry of Economy, achieving a classification at the best level of the indicator (Level 1), which demonstrates our degree of excellence in corporate governance.

In 2021, we also returned to the membership of the Brazilian Institute of Corporate Governance (IBCG). This return confirms our commitment to the continuous improvement of our processes and internal controls, as well as the alignment with the best corporate governance practices in the market.

Governance Structure


Selection and nomination process

The selection and appointment processes for the Board of Directors, our highest governance body, follow the guidelines set out in the Bylaws and the Policy for the Appointment to Senior Management and the Fiscal Council.

The Appointment Policy upholds the strengthening of principles such as transparency, equity, accountability, corporate responsibility, independence, focus on results, and diligence in relation to the selection, nomination, and evaluation processes of the appointee's eligibility, which must be observed together with the legislation and our Bylaws.

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