Vivara S.A. is committed to strict corporate governance rules, valuing transparency, fairness, accountability and corporate responsibility. These principles rule business relationships and ensure the alignment of interests between the Company, its management, controlling shareholders, shareholders and other stakeholders.
According to IBGC (Brazilian Institute of Corporate Governance), corporate governance is the system by which companies are driven and monitored, encompassing the relationship between the shareholders, board of directors, executive boards, independent auditors and fiscal council. The basic principles guiding this practice are: (i) transparency; (ii) equity; (iii) accountability; and (iv) corporate responsibility.
For the Company, the ongoing improvement of good corporate governance practices results in a more transparent management, complies with the principle of leveling the knowledge and provides more protection to investors. This process helps maximize the creation of value in the Company and provides elements for related parties to take strategic decisions.