Investor Presentaiton
SPIC BRASIL
About SPIC Brasil Our energy comes from multiple sources
Vision-driven progress
Safety is the foundation of care
GRI Summary
22
CORPORATE
GOVERNANCE
GRI 2-9, 2-10, 2-11, 2-12, 2-13, 2-16, 3-3
We are structured upon a culture of good
corporate governance practices, in line with
the SPIC guidelines and adhering to the best
business management practices. This way
of operating supports a robust strategic
plan and ensures we move forward and
expand our business in a coordinated and
sustainable manner, guided by ESG criteria
in setting annual goals.
SPIC Group's governance structure, primarily
regarding HPP São Simão and SPIC Brasil
companies, is composed of the General
Shareholders Meeting, the Board of
Directors, and the Statutory and Executive
Board. The SPIC Brasil Board meets on
demand for collective decision-making,
and the HPP São Simão Board meets
monthly. GRI 2-14 The other companies
in the Group do not have a Board of
Directors or Committee structure.
The Board of Directors (BOD) is our
highest governance body. Board members
are appointed by the Shareholders in
accordance with the Bylaws and Brazilian
Corporation Law (Art. 140). The BoD's role
is to define business strategies, ethical
principles, and company values and to
assess the risks and effectiveness of
governance systems, risk management
and compliance impacts. The Chairman
of the Board of Directors does not hold
an executive position at another group
company in Brazil.
The BoD is also tasked with electing
the members of its three advisory
committees, who are company
directors and executives. The
Committees are:
Budget and KPI Committee - SPIC
Brasil, charged with monitoring
the budget proposal, presenting
results for the year, indicators
and cash flow;
Human Resources Committee
-
HPP São Simão, works on
defining, implementing and
proposing improvements for the
employee compensation model;
Risk Management Committee -
HPP São Simão, establishes and
monitors principles and guidelines
related to the company's internal
risks and controls (see more in Risk
Management, page 38).View entire presentation