The corporate governance model of the Votorantim Group combines family shareholding control with a group of executives running the businesses. It is governed by a set of principles, initiatives and management structures that confer an integrated vision and a great deal of agility in decision-making. It also employs the best practices of publicly traded and family companies, and it prioritizes a long-term strategic vision of its businesses and the collective interest, focusing on results and a meritocracy.
These principles guide the activities of the Group's decision-making bodies:
Board of directors
The Board of directors represents the controlling families and delegates monitoring of the business to the Board of VPAR.
Board of Votorantim Participações (VPAR)
The Board of Votorantim Participações (VPAR) is responsible for strategic direction and for the operating performance of the three main areas: Votorantim Industrial, Votorantim Finance and Votorantim New Business.
The Family Board represents the shareholding family, spreading and preserving its beliefs and values. It is the interface responsible for reporting the objectives and the results of business among the family members, for developing future generations of shareholders, harmonizing the succession process, and for contributing so that they develop a sense of belonging and pride.
Stimulates debate and adopts socially responsible practices among the employees, and it also qualifies the external social investments of the Business Units.
Risk Management Board
Subordinated to the Administrative Board of VPAR, it analyzes and manages risk in all business areas.