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Corporate Governance

Camargo Corrêa S.A. belongs to Participações Morro Vermelho S.A, a company comprising the three families of shareholders.

Corporate governance at Camargo Corrêa Group combines traits of a family-owned business and a professional management approach. It uses the best practices on the market to secure perennity of business.

Created in 1996, Camargo Corrêa S.A. is the holding company leading the management and control of the Group’s business. On the capital market, it is a reference shareholder of companies like CPFL Energia and CCR S.A., both listed on BM&FBovespa’s Novo Mercado, and also Alpargatas S.A. It has controlling shareholding interest of InterCement and Camargo Corrêa Engenharia e Construção, closed capital companies that are references in their industries. The company is also a founding shareholder of Estaleiro Atlântico Sul (EAS). In real estate development, it launched in March 2012 a takeover bid to close the capital of CCDI – Camargo Corrêa Desenvolvimento Imobiliário.

The Group’s governance structure is led by the Board of Directors, formed by the Chairman, Vitor Hallack, three vice-presidents representing the shareholders – A.C. Reuter, Carlos Pires Oliveira Dias, and Luiz Roberto Ortiz Nascimento – and the board member Antonio Miguel Marques. The chairman of the Board is a professional hired for the role who also holds the position of chairman of the Executive Committee. |GRI 4.1, 4.2|

The Board of Directors supervises the management of business areas and guides the strategic positioning to channel synergies through the assistance committees: Executive, Financial, and Human Resources committees.

Ethical attitude |GRI 4.8|

To foster ethics in business, the Group elaborated the Camargo Corrêa Business Code of Conduct, which gathers the principles guiding the relationship of companies, executives, shareholders, and employees.

The Group also has the Ethics Channel, an electronic communication method to receive reports and suggestions to improve processes and align conducts. Total confidentiality is guaranteed to preserve the identity of people involved in reports. The Channel is monitored by the Ethics Committee, formed by representatives of companies in the Group, who discuss and handle the major occurrences, reporting them to the Board of Directors when necessary.