According to CSU’s Bylaws, the Company’s Board of Directors may be composed of five to nine members. Board members are elected by the shareholders at an Annual Shareholders’ Meeting for a one-year term, with the possibility of re-election.

Under Brazilian Corporate Law, Board members are prevented from voting at Shareholders’ Meetings, nor may they take part in any transaction or business that may conflict with the interests of the Company.

The Board of Directors is responsible, as a collegiate body, for establishing policies and general business guidelines, including long-term strategies, and for electing the members of the Board of Executive Officers and supervising its work, as well as those activities determined by law and the Company’s Bylaws.

The Board of Executive Officers is responsible for administering business in general and carrying out all necessary or convenient acts, as well as executing the resolutions of the Board of Directors. The members of the Executive Board have individual responsibilities appropriate to the positions they occupy. Only one member of the Executive Board belong to the Board of Directors.

The relationship between the Board of Directors and the Executive Board is in line with the good practices of corporate governance adopted by the Company and expressed in its Bylaws and the Listing Rules of the Novo Mercado. These practices seek to reduce conflicts of interest and are aimed at ensuring transparency, accountability and equal treatment for all shareholders.

Board of Directors
Statutory Board of Executive Officers
Fiscal Council