Investor Presentaiton
22 GOVERNANCE
Committed to the best corporate
governance practices and
to transparency, Eldorado
is focused on continuously
improving its internal processes
(G4-34)
GOVERNANCE PRACTICES
Although not listed on the B3 index
(former-BM&FBovespa), Eldorado
Brasil is registered at Brazil's
Comissão de Valores Mobiliários
(CVM) as a B category publicly
traded company and, therefore, fol-
lows the differentiated corporate
governance practices established
for companies on the Novo Mer-
cado (New Market).
The current corporate governance
structure comprises the Board of
Directors, the Fiscal Council, the
Executive Board and four Advisory
Committees. With the mission of
conducting company business and
tracking and overseeing execu-
tive management and actions, the
Board of Directors has seven
members. All the shareholders are
represented on this board.
In compliance with Novo Mercado
rules, the board has one inde-
pendent member. Elected by the
General Shareholders' Meeting for
one-year term, with entitlement
to reelection, the board members
meet on a quarterly basis or when-
ever deemed necessary. The chair-
man of the board is not permitted
to occupy the position of CEO of
the company.
The main duty of the Fiscal Council
is to oversee the company's ad-
ministration, analyzing the Annual
Management Report, the balance
sheet and the financial statements
released quarterly. The council has
three members.
To provide support for the Board
of Directors, Eldorado has the fol-
lowing committees: Audit, Finance
and Risk Management; Related
Parties and Conflicts of Interest;
People and Development; and Sus-
tainability and Social Responsibil-
ity. Both shareholders' and em-
ployees' representatives take part
in periodic committee meetings.
Responsible for executing company
strategy, the Executive Committee
comprises the CEO and four other
directors (detailed ahead). The di-
rectors are appointed by the Board
of Directors for one-year term
which may run consecutively.
ELDORADO BRASIL 2016 SUSTAINABILITY REPORT 23
31:1
2431
1110
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