Investor Presentaiton
Governance structure
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Votorantim's governance
is built around three axes
that are represented by
integrated bodies with different
responsibilities:
▸ Ownership, represented by
the Board of Hejoassu, the
holding company that owns
the conglomerate
► Family, represented by the
Family Board
► Businesses, led by two
complementary bodies: the
Boards of Directors and
the Executive Boards of
Votorantim and the portfolio
companies
All of Votorantim's companies
adopt robust governance
standards and structures,
including those in which
Votorantim is the sole
shareholder, and its practices
are in continuous evolution.
Each company has also adopted
its own solid governance model
that includes its own Board of
Directors, advisory committees
and Executive Boards, which
are responsible for deliberating
on strategies, management
and investments. The Board
of Directors of each company
is made up of shareholders,
employees from the holding
company, and external and
independent members.
Members of the Hejoassu
Board, the Family Board, and
Votorantim's Board of Directors
are elected for three-year
terms. The first two operate
independently from the
holding company, but all remain
integrated through formal and
periodic meetings. Additionally,
Votorantim frequently assesses
the performance of the Boards
and committees, contributing to
the evolution of governance.
Hejoassu Board
The Hejoassu Board is
composed of 12 shareholders,
three from each of the four
family holding companies. It
is responsible for conveying
to the organization its macro
vision, financial aspiration, and
risk appetite and for appointing
the members of the Board of
Directors of Votorantim. The
Board is also the guardian of
Votorantim's culture and DNA
by ensuring alignment with
the family's calling. In its sixth
generation, the family is made
up of 169 people, of whom
53 are shareholders.
Family Board
At the end of 2021, the Family
Board had seven members, (six
Family Values
Integrity
Being ethical and
acting with integrity,
honoring our history,
and creating the
future with respect
Unity
Honoring the history
that unites us,
valuing our collective
power, and owning
the creation of our
legacy
women and one man), two from
the fourth generation (chairman
and deputy chairman) and five
from the fifth generation.
The annual initiatives to
promote the education and
development of the new
generations and increase
awareness of the whole family
continued to take place online
as a result of the pandemic. The
Generosity
Being generous with
yourself, the family,
and society
Impact
Working with
dedication and
achievement-focused
energy, driven by the
power to innovate
and transform
Courage
Persevering, always
being open to
learning and evolving,
and believing that
everything is possible
Passion
Having freedom and
motivation to find
and pursue your
passions
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