ARTICLE 20 – The Company Fiscal Council, which shall not be permanent, shall only be convened pursuant to the law, and shall be comprised of three (3) to five (5) effective members and equal number of substitutes, both shareholders or non-shareholders, elected by the General Meeting at which its operation is required.
Paragraph 1 – The investiture of Fiscal Council‘s members is conditioned to prior subscription of the Consent Agreement of the Fiscal Council‘s Members, under the provision in Novo Mercado‘s Regulation, as well as the compliance with the applicable legal requirements.
Paragraph 2 – Fiscal Council members, while on duty, shall be entitled to the compensation agreed by the Shareholders‘ Meeting electing them.
Paragraph 3 – The resolutions of the Fiscal Council shall be made by majority of votes and included in the proper book.
Paragraph 4 – Fiscal Council‘s members shall have the duties and responsibilities set by the corporate laws in force and Novo Mercado‘s Regulations.
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