Learn more about our new Policy on Governance

Odebrecht S.A. has reformulated its policies to introduce new aspects that follow best market practices and orient its activities with a more simple and assertive language.

The new documents are designed to guide Odebrecht S.A. and allow the Group Businesses to develop the concepts in their own policies, considering their respective governance methods.

The new Governance, People, Sustainability, and Risk Management Policies have been approved and are now being disseminated. Learn more and stay updated on what’s new.

A Stronger Governance

The Policy on Corporate Governance was the first among the Odebrecht S.A. policies to be reformulated and disseminated. This is because governance is responsible for the management system, communication, and processes, through which the holding is directed and monitored. Its role is to strengthen and protect Odebrecht S.A. and the Group’s Businesses and it is one of the pillars for creating value and attracting new partners.

Learn more about the new Odebrecht S.A. Governance:

The New Role of Odebrecht S.A.

The Odebrecht Businesses are now financially and operationally self-sufficient, with their own governance. The holding’s role at the Companies is only through the members of the Boards of Directors of those Businesses indicated by it.

Work of the PCA and DP

The Chair of the Board will be nominated by the controlling shareholder, without executive roles at Odebrecht S.A. The role of Managing Director will be exercised by a professional chosen by the Board Chair from among the Odebrecht S.A. directors elected by the Board members, and will not be a member of the controlling family.

Maximum Age

A maximum age has now been defined for the Board members (age 75) and for the Managing Director and Business leaders (age 65).

Main changes on the Odebrecht S.A. Board

• Term limit for Board Members: two years per term, limited to four successive terms.
• Presence of 20% independent members on the Board
• Formal Board evaluation
• Diversity among Board members.

Access the new Policy in the Governance Portal using your network login and password.