Ethics, Governance and Transparency

Dialogue, transparency and active player in the participation and conduction of sector topics and topics of global interest that encourage commitments and cooperation agreements for sustainable development. Ensure the highest standards of corporate governance, aiming at full integrity and robustness of the company’s internal controls and processes and the ethical, integral and transparent conduct of all our stakeholders.

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  • Voting practices and shareholders’ rights


    The company adopts a system in which each shareholder is entitled to one vote per share. All shareholder voting provisions are contained in the company’s bylaws. There as plans that the purchase of a relevant stake in the company’s shares will bring offer rights/obligations for the purchase of the other issued shares. Various company shareholders participate and vote at Shareholders’ Meetings and, for the most part, use the remote voting system.

    BNDES Participações held company shares above 5% of the total capital stock. However, it sold these shares on the market in 2020. Therefore, since the end of 2020, no individual government institutions have held more than 5% of the company’s total voting rights.