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Profile
Group Overview
Strategies - Publishing Operations
Strategies - Retail Operations
By-laws
Corporate Governance
Executive Board
History
Financial Information
Performance Indicators
Stock Market
Announcements
Information to Shareholders
Presentations


CORPORATE GOVERNANCE
  • Level 2 of Bovespa's Corporate Governance

  • First company in Brazil to guarantee tag along rights in its Bylaws - March 2000

  • 90% tag along for preferred shareholders

  • Bylaws establish that the company will not retain excess cash - mandatory distribution of financial availability* that exceeds 25% of its total assets for four consecutive quarters

  • GVA®: Shareholder Value Management

  • Market Maker


    (*) Financial availability: cash and banks + financial investments - short and long term loans