Bylaws (PDF). It’s made up of three or five independent members from the Board of Directors, set forth in Rule 10A-3 of the Securities Exchange Act. Its characteristics, composition, functioning, and competences are established by a specific Charter (PDF). The Committee reports and is directly linked to the Board of Directors.
The Audit Committee’s main duties are controlling, revising, supervising, accompanying, and, whenever necessary, presenting suggestions about the Company’s activities. Moreover, the Committee is responsible for the operating of the Company’s Confidential Communication Channel.
It’s incumbent upon the Committee to issue mid-term and annual reports. The summary of its "Audit Committee Report", prepared at the end of each term, is published along with the Company’s financial statements.
The Committee meets at least six times a year, according to a predefined calendar. Extraordinary meetings may be called whenever necessary.
At least one member of the Committee must take part in the Fiscal Council meetings, as well as in the Board of Directors meetings, to which they’re members as well.
Marco Antônio Barbosa Cândido* (Chairman)
Carlos Biedermann* (Financial Expert)
Luiz Claudio Maia Vieira* (Outside member)
*Independent members
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