• BNDESPAR’s Advisory Board
• BNDESPAR’s Fiscal Council
• BNDESPAR’s Executive Board

BNDESPAR’s Advisory Board

Main responsibilities:

The most important advisor to BNDESPAR is the Advisory Board. Among its main responsibilities, the following stand out:

1. Elect Directors;
2. Approve, as proposed by the Board, BNDESPAR’s plans and programs, establishing the general lines of its business;
3. Provide opinions on annual and pluriannual administrative and investment budgets;
4. Provide council to the Board to establish policies to be adopted and to define sectorial priorities; and
5. Provide opinions on the Board’s Annual Report, financial statements for the year and proposals to allocate earnings.

Composition

President

Marcelo Serfaty

Counselors

• William George Lopes Saab (employee representative of BNDES)
• Juan Pedro Jensen Perdomo 
• Mansueto Facundo de Almeida Junior
• Waldery Rodrigues Junior
• Walter Baere de Araújo
• Heloísa Bedicks
• João Laudo de Camargo
• Fábio de Barros Pinheiro

Periodicity

Quarterly

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BNDESPAR’s Fiscal Council

Main responsibilities:

The Fiscal Council is in charge of examining and issuing opinions on the balance sheets and other financial statements, as well on the accounts rendered by BNDESPAR’s Board, besides exercising other responsibilities as set forth in the Corporations Act.

Composition

President

• Pricilla Maria Santana

President's substitute

• Eduardo Garcia de Araújo Jorge

Substitutes

• Leonardo Silveira do Nascimento
• Danilo Soares Pacheco de Medeiros
• Vacant

Periodicity

Yet to be defined

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BNDESPAR’s Executive Board

Main responsibilities:

It is up to the Executive Board to exercise all powers in the general administration and executive management of BNDESPAR, and mainly:

1. Establishing programs and plans related to BNDESPAR’s performance
2. Approving annual and pluriannual investment and administrative budgets;
3. Approving general operating standards;
4. Deliberating on financial support operations;
5. Preparing BNDESPAR’s Annual Performance Report, financial statements for the year and proposals to allocate earnings to be approved by the Advisory Board and the Fiscal Council, and to be deliberated by its Sole Shareholder – the BNDES;
6. Authorizing the acquisition, divestment and guarantee of property;
7. Deliberating on the acquisition, divestment and guarantee of securities; and
8. Authorizing agreements, contracts and covenants constituting onuses, obligations or commitments for BNDESPAR.

Composition

Up to nine members, all members of the BNDES’ Board.

Executive Officer
Gustavo Montezano

Investor Relations Director
Eliane Aleixo Lustosa De Andrade

Directors
José Flávio Ferreira Ramos
Ricardo Barros
Roberto Marucco
Fábio Abrahão
Leonardo Cabral
Petrônio Cançado
Saulo Puttini

Periodicity

The Board meets regularly once a month, and extraordinarily, whenever summoned by the Chairman.

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