Overview

    Corporate Governance Practices

    The Company adopts corporate governance procedures according to "Good Governance Practices Manual" recommended by the Brazilian Institute of Corporate Governance (IBGC).

    Blau is in the listing procedure in the special segment of corporate governance of B3 (Brazilian Stock Exchange) Novo Mercado - the most rigorous of the trading segments.

    Companies that join Novo Mercado voluntarily submit to a set of corporate governance statements set forth, which was recently revised and became effective on January 2, 2018:

    • Capital composed exclusively of common shares;
    • Maintenance of at least 25% of the shares of the company's capital in the free float, or 15% of the capital, considering the average trading volume of the company's shares remains equal to or greater than R$ 25 million, in the last 12 months;
    • Non-accumulation of Chairman of the Board of Directors and Chief Executive Officer positions;
    • Disclosure of directors resignation via notice to the market or material fact up to the following of business day the notice of resignation or dismissal resolution;
    • Simultaneous disclosure English and Portuguese of material facts, information on proceeds and press releases;
    • Public presentation of results within 5 business days after the disclosure of annual financial statements;
    • Company's annual calendar updating  in case of changes in the dates of the events, prior to its realization;
    • Monthly communication of ownership by the controlling shareholder and related persons of securities issued by the Company, including derivatives;
    • Compulsory preliminary manifestation of the Board of Directors in case of takeover bid, within 15 days of bid publication, with minimum content required by the Novo Mercado Regulation;
    • Bylaws provision of the conflicts resolution through arbitration;
    • To maintain the higher number of members characterized as independent under the Novo Mercado listing standards, the Companhy must have (i) at 2 least  independent directors, or (ii) 20% of the Board of Directors;
    • Structuring and dissemination of its Board of Directors and Committees evaluation process;
    • Installation  of audit committee with specialized members;
    • Installation of an internal audit department;
    • Elaboration and disclosure of Code of Ethics and Conduct, Compensation Policy, Indication Policy, Risk Management Policy,  Policy on Related Party Transactions and Company's Securities Trading Policy.
    Last updated on
    
    Close