Integrated Report 2020
Braskem
INTEGRATED
REPORT 2020
BRASKEM
A MESSAGE FROM THE BUSINESS LEADER
STRATEGIC PLANNING
CAPITAL PERFORMANCE
ABOUT THE REPORT
CREDITS
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Corporate Governance
GRI 102-18
Since our company was founded in 2002, we have been
committed to aligning the interests and expectations of
all stakeholders within our business through the ethical,
responsible and transparent behavior of all Braskem
associates and governance bodies aiming to ensure we
generate value in the short, medium and long term.
To this end, we follow the Brazilian Corporate Gover-
nance Code (CBGC), seeking to acomplish with best
practices in the field: we are listed in the Level 1 cor-
porate segment at B3, also meeting some practices of
Level 2 and Novo Mercado segments. as 100% tag along
for all shareholders in the event of a transfer of control.
Our bylaws also require that at least 20% of the mem-
bers of the Board of Directors be independent directors.
See the stock exchanges where Braskem is listed and
learn more about our Corporate Governance practices.
Governance structure
GRI 102-18
The highest governance body is the Board of Directors,
which ended 2020 with its largest number (11 mem-
bers, including a president and a vice-president), four
of whom are independent members. Our Governance
structure is also composed of a Statutory Executive
Board a Fiscal Council, besides Board of Directors sup-
portive committes, including the Compliance Commit-
tee, which is forseen in the Company's Bylaws and is
composed by 3 independent members. Access here to
learn more about the structure and attributions of each
body, its regulations, training, members and their curric-
ulum vitae and get to know more about our governance
structure. The set of policies approved by our Board is
also available online. GRI 102-19, 102-20, 102-22, 102-23, 102-
24, 102-25, 102-26, 102-27, 102-28
MAIN shareholders
Our main shareholders are Novonor
(formerly Odebrecht), which is the
majority shareholder, with 50.1% of the
voting capital shares, and Petrobrás,
which holds 47% of the voting capital
shares. The remaining 2.9% are distribu-
ted on the stock market or in treasury.
The company has a free float of 25.5%
of total capital, which provides liquidi-
ty for shareholders who wish to trade
their shares in B3. Learn more about
Braskem's corporate structure and
shareholding structure on our Investors
website. Access here.
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To learn more about our governance and compliance
management, visit:
Governance and Compliance Policies.View entire presentation