Corporate GovernanceJul 27, 2026, 05:31 PM
Telefônica Brasil Updates Board & Committee Regulations
AI Summary
Telefônica Brasil S.A. has updated its internal regulations for the Board of Directors and its technical and consulting committees. The revised regulations detail the operation, responsibilities, and duties of these bodies, including composition, term limits for independent directors, meeting procedures, and the role of the General Secretary. The update also outlines the specific functions and meeting frequencies for the Audit, Quality and Sustainability, and Nominations, Compensation and Corporate Governance Committees.
Key Highlights
- Updated internal regulations for the Board of Directors and its technical and consulting committees.
- Board of Directors composed of 5 to 17 members, serving a 3-year term.
- Directors may hold up to 5 board positions outside the Telefônica group.
- Independent Directors are limited to a maximum of 4 consecutive mandates.
- Board meetings are held quarterly, with extraordinary meetings as needed.
- Committees include Audit and Control, Quality and Sustainability, and Nominations, Compensation and Corporate Governance.
- Committees consist of 3 to 5 members, with a 3-year unified mandate.
- Audit Committee meets four times annually, other committees meet twice annually.
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