Corporate GovernanceAug 5, 2026, 06:12 AM
Vale Adopts New Internal Regulations for Fiscal Council
AI Summary
Vale S.A. has adopted new Internal Regulations for its Fiscal Council, effective August 2026. The regulations detail the council's creation, composition, and responsibilities, which include overseeing management activities, reviewing financial statements, and ensuring compliance with legal and company bylaws. The document outlines the council's meeting procedures, support structure, and the duties and liabilities of its members, emphasizing adherence to corporate governance principles and internal policies.
Key Highlights
- Fiscal Council oversees Directors and Executive Officers, ensuring compliance with laws and bylaws.
- Council reviews and provides opinions on annual reports and financial statements.
- Council analyzes balance sheets and financial statements quarterly, discussing with management and auditors.
- Council reports errors, fraud, or irregularities to management and shareholders if necessary.
- Council meets ordinarily once a month and can call extraordinary meetings.
- Members must adhere to company policies, including anti-corruption and conflict of interest policies.
- Fiscal Council will conduct a self-assessment before the end of its members' term of office.
- Council meets at least quarterly with the Board of Directors and annually with the Chairman of the Board.
Price Impact
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