Committees

The Audit Commit was created in 2007 and is an advisory body of the Company’s Board of Directors. The Committee aims to assist the Board, and therefore, it should:

• Continuously evaluate the work of internal and external audits;
• Assess the risk identification systems and internal controls of the Company and its subsidiaries;
• Ensure the conditions for managing the risks to which the Company and its subsidiaries are exposed;
• Evaluate the quality and effectiveness of the decisions made to mitigate such risks.

Currently, the body is composed of 3 (three) members elected by the Board of Directors, with a one-year term, all of them being effective and independent members.

The People and Management Committee was established in 2010 and is an advisory body to the Board of Directors. The Committee’s objective is to advise the Board of Directors on matters related to people and management, including, but not limited to:

• People management;
• Nomination and succession of members of the Board of Directors, its Committees, and the Statutory Board of the Company;
• Remuneration of members of the Board of Directors and the Statutory Board of the Company;
• Benefits, goals, talent development, and retention;
• Management practices that promote meritocracy and the execution of the Company’s strategy.

Currently, the body is composed of 5 (five) members, elected by the Board of Directors, with a one-year term, one of whom is chosen among the independent members of the Company’s Board of Directors.

The ESG Committee was established in 2018 and is an advisory body to the Board of Directors. The Committee’s objective is to assist the Board of Directors in the ongoing:

• Enhancement and implementation of internal controls and mechanisms related to its environmental, social, and governance agenda;
• Sustainable development of the Company, ensuring alignment with applicable legislation and market best practices;
• Commitment of the Company to management guided by the pillars of corporate governance, environmental preservation, sustainability, and business ethics.

Currently, the body is composed of 6 (six) members, elected by the Board of Directors, with a one-year term, one of whom is chosen among the independent members of the Company’s Board of Directors.