Overview

Currently, the control of the company is exercised by three founding families (Mottin Family, Weber Family and Pizzato Family) and the Kinea investment fund, all signatories of the Shareholders’ Agreement of July 15, 2020, amended on December 18, 2020, the which binds 51% of the Company’s shares.

The company is managed by a Board of Directors with extensive experience, as well as by an Board of Executive Officers composed of a president, in addition to two statutory directors, one for operations and one for finance and investor relations.

In addition to all the best practice rules, and the special regulation of its trading segment at B3 (Level 2), the Company has its own Code of Ethics and Conduct that seeks to guide the actions of employees, including its management.

With operations guided by the best governance practices, the Company maintains a relationship with the financial market, employees and the environment in line with these guidelines, always seeking to achieve the highest levels of good corporate governance practices.

Corporate Governance Model

Our Corporate Governance model is aimed at observing good practices under the guidance of the Brazilian Institute of Corporate Governance (IBGC) and is based on the key principles of transparency, equity and responsible management.

Differentiated Trading Segment

In line with the best Corporate Governance practices and the wish of our management to improve constantly in relation to the level of information provided and transparency in our actions, on January 22, 2021, the Company transferred its listing to B3 (Brasil, Bolsa, Balcão) Corporate Governance Level 2.

We are now in the process of transferring to the Novo Mercado, the highest Corporate Governance segment on B3.

Shareholders’ Meeting

Annual and Extraordinary Shareholders’ Meetings are held each year to resolve on issues such as discussing and approving the Financial Statements, deciding on the allocation of net income for the year, electing the members of the Board of Directors, and so on.