Corporate GovernanceMay 19, 2026, 06:07 AM
Telefônica Brasil Files Complete Bylaws
AI Summary
Telefônica Brasil S.A. filed its complete bylaws, outlining its corporate structure, governance, and operational framework. The bylaws detail the company's broad corporate purpose, including telecommunications, digital services, and IT solutions, and its ability to participate in other entities. It specifies the authorized capital of up to 1.85 billion common shares and a subscribed capital of 56.07 billion reais. The document also defines the composition and authorities of the Board of Directors and the Executive Office, including their roles in approving budgets, investments, and strategic decisions.
Key Highlights
- Company's purpose includes telecommunications, digital services, IT solutions, and participation in other companies.
- Authorized capital is up to 1,850,000,000 common shares, with the Board of Directors having authority to resolve on increases.
- Subscribed capital is 56,071,415,865.09 reais, divided into 3,226,546,622 common, book-entry shares without par value.
- Board of Directors comprises 5 to 17 members, elected for a three-year term, with reelection permitted.
- Executive Office consists of 3 to 15 members, including a Chief Executive Officer, Chief Financial and Investor Relations Officer, and General Secretary and Legal Director.
- Board of Directors approves the company's budget, business plan, financial statements, and elects/dismisses Executive Office members.
- Executive Office proposes company plans, authorizes asset disposal within limits, and manages financial transactions.
- Agreements and investments exceeding 250,000,000 reais require Board of Directors approval.
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