Vale Investor Presentation Deck
The Nomination Committee worked with depth and breadth
Nomination Policy
▪ Minimum requirements
▪ Guidelines for continuous
improvement
a
I
Skills Matrix
Considering Vale's
present and future
strategy, performance
and challenges
Consistency with Vale's
12 main corporate risks.
Benchmarking
▪ Performed with large
Brazilian companies and
international peers
■
Skills diversity
▪ Governance practices
■
Supported by the Boston
Consulting Group
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■
Stakeholders active
listening
Interviews with:
■
■
Main international and
Brazilian Shareholders
Proxy Advisors
Directors and Officers
Board assessment
Performed by Korn
Ferry
■
Governance enhancements
■
Search process
70 potential candidates
mapped
Recruitment work with
Spencer Stuart and
Russell Reynolds
Changes to Vale's By-Laws:
+50% independent
Directors
More stringent
independence criteria
H Individual election
Chairman and Vice-
chairm an election
■
H
Proposed nominees
for 2021-23
▪ Detailed
5 new names (~40%
renewal)
I Independent Chairman
I
I
Final report
Publicly disclosed
▪ Transparency to the full
work plan
4 non-Brazilians
3 female
recommendations and
respective grounds for
them
min
VALE
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