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Corporate
governance
EcoRodovias' corporate governance practices are intended to provide value for shareholders, stakeholders and the market in general, in addition to contributing to sustainable economic development and improvements to society.
TO CREATE VALUE for shareholders and stakeholders through best corporate governance practices. 2010 was marked by the presence of the COMPANY IN THE COMPANY IN THE NOVO MERCADO of the BM&FBovespa, which resulted in a 25.8% minority interest in the company. The year was also marked by the mergers of COLUMBIA AND EADI SUL with Elog. The BOARD OF DIRECTORS was supported by the audit, evaluation and remuneration, ethics, sustainability and governance committees. The EXECUTIVE BOARD counted on the support of the Management by Processes, executive committees to manage risks, compliance and internal controls, technology and information security, control and relevant information disclosure and sustainability.
The FINANCIAL MASTER PLAN, approved in 2010, was created to sustain the business strategy, establish behavior standards for management, and direct the Company's positioning regarding financial aspects. The management of corporate, engineering, strategic, financial and operational risks was carried out throughout the year. OUR RISK MANAGEMENT PROCESS was in line with IBGC'S RISK MANAGEMENT GUIDE and ISO 31000. In 2010, the Board of Directors approved the COMPANY'S INTERNAL AUDIT and compliance regulations. EcoRodovias was awarded the following recognitions for its actions: "One of the 150 best companies to work for in Brazil", awarded by Exame and Você S/A magazines; "The 10 best highways in Brazil – 2009/2010", by Guia 4 Rodas magazine; and "The 3rd best company in Transportation Services," by Istoé Dinheiro magazine.


In 2010, EcoRodovias Group aggregated val ue to share holders and sta keholders through good corp orate governance practices and appr opriate business control.free float 25.8% Ris k management in line
wit h the IBGC and ISO
31000

Chapter 1 of EcoRodovias' 2010 Annual and Sustainability Report comprises information about the corporate governance practices adopted by the Group, focusing on the reporting year; it also includes the fundamentals of such practices, which result from good management and appropriate control of business aiming at guaranteeing value to shareholders, respecting the relationship with stakeholders and providing the market with the best disclosure of the Group's financial, non-financial and sustainability information.

This chapter also discusses the most important events of 2010, a year marked by the merger of Columbia and EADI Sul into the Company and the presence of the Group in the Novo Mercado of the BM&FBovespa with a 25.8% free float.

The Board of Directors comprises 7 directors, including one independent director and two alternates. The Board is supported by five committees in the areas of Audit, Assessment and Remuneration, Ethics, Corporate Sustainability and Governance. In 2010, the Board approved the regulations of the Internal Audit, an independent area, which reports directly to the directors and helps the Company improve the effectiveness of its governance, compliance, internal controls and risk management processes.

HEADQUARTERS OF
ECOVIAS IMIGRANTES

The Executive Board also counted on the contribution of five specific committees, which, during 2010, assisted the Company in the control and disclosure of relevant information, management by processes and corporate risks.

EcoRodovias' Risk Management applies various methodologies to identify and monitor risk, and is integrated with corporate governance and compliance. Risks were rated according to their strategic, financial and operational nature, and classified as corporate, engineering, strategic, financial and operational. EcoRodovias' Risk Management Process is in line with the Risk Management Guide issued by the Brazilian Institute of Corporate Governance (IBGC) and ISO 31000 certification.