Investment Executive Committee

The Investment Executive Committee of the Company must have at least three and not more than five members, elected by the board of directors, among the executive officers (whether or not statutory) of the Company and/or of its holding companies. The current members of the Investment Executive Committee took office on August 10, 2017 and it is composed by Messrs. Rodrigo Osmo, as committee coordinator, Fabricio Quesiti Arrivabene, Marcelo de Melo Buozi, Renan Barbosa Sanches and Sidney Ostrowski. The Company’s Investment Executive Committee is a non-permanent body and its duties include, amongst others: (1) to analyze, discuss and advise on land acquisitions and new real estate projects; (2) to advise the Company’s officers on new negotiations and structuring of new projects; (3) to oversee the start of new projects and related cash flows; and (4) in special cases, to assist in the negotiation and structuring of new types of businesses. Each decision of the Company’s investment committee to acquire land is made with the guarantee that the investment meets the minimum limit of return stipulated by the Company and comparing it with other potential investments. Such decision is made regardless of investment’s geographic location, in order to maximize the return on the Company’s capital allocation.


Ethics Executive Committee

Our Ethics Executive Committee must have at least three and not more than six members, elected by the board of directors, among our executive board members (whether or not statutory) and/or those of our controlled companies, and our managers, allocated in the following departments: (i) financial; (ii) legal; (iii) people and management; (iv) operations; and (v) internal audit. The current members of the Ethics Executive Committee took office on August 10, 2017 and it is made up by four members: Messrs. Rodrigo Osmo, as the committee coordinator, Alex Fernando Hamada, Sidney Ostrowski and Daniel Gobi Lopes. This Committee is liable, amongst other things, for the actions related to infringement to the Company’s code of ethics and guidelines, resolving ethical conflicts and assessing the adequacy of amendments to the Company’s code of ethics and guidelines, as well as proposing them to the board of directors.


Financial Committee

The Financial Committee must have at least three members nominated by the Compensation, Nomination and Corporate Governance Committee and elected by the board of directors. The current members of the Financial Executive Committee took office on August 10, 2017 and it is made up by three members: Messrs. Flavio Uchôa Teles Menezes, as coordinator, José Urbano Duarte and Eduardo Ferreira Pradal.This Committee, amongst other things, assesses and makes periodic recommendations to the Company’s board of directors referring to the risk and financial investment policies, analyzes and deliberates on the annual and quarterly audited financial statements jointly with the Company’s Management and independent auditors.

Compensation, Nomination and Corporate Governance Committee

The Compensation, Nomination and Corporate Governance Committee must have at least three members, all of them also members of the board of directors and elected by such board, and at least one of them shall have prior experience with management of human resources and in the performance of duties related to the establishment of policies of compensation, corporate goals, and recruiting and retaining personnel. The current members of the Compensation, Nomination and Corporate Governance Committee took office on August 10, 2017 and consist of three members: Messrs. Rodolpho Amboss, as committee coordinator, Mario Mello Freire Neto  and Mauricio Luis Luchetti.This Committee, amongst other things, analyzes and makes recommendations to the board members as to its compensation policies and forms of compensation provided to the Company’s officers and other employees, also takes into account and periodically reports issues referring to the size, identification, selection and qualification of the board of directors, officers and candidates nominated for the board of directors and its committees, liable for overseeing the compliance with the corporate governance principles applicable to the Company pursuant to the Company’s Bylaws and other policies, as well as the proposal for improvements and alterations to these applicable principles.

We currently have two non-statutory committees - the Investment Executive Committee and Ethics Executive Committee – and two statutory committees: the Financial Committee and Compensation, Nomination and Corporate Governance Committee.