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Additionally, Localiza seeks to comply with the Corporate Governance Guidelines suggested by IBGC (Brazilian Institute of Corporate Governance), as shown below:

 

YES NO NOTE:
1 – TRANSPARENCY (DISCLOSURE)
1.1 – Portuguese and english website check
1.2 – Public Investors meetings check
1.3 – Road-shows check
1.4 – Disclosure of relevant information and stock trading policy check
1.5 – Calendar of events check
1.6 – Immediate communication of relevant information through CVM/BM&FBovespa IPE/EmpresasNet) and Market check
1.7 – Conflict Resolution by Arbitration determined in Bylaws check
1.8 – Independent Audit check
2 – FAIRNESS
2.1 – Code of Ethics check
2.2 – Listed in Novo Mercado check
2.3 – Tag-Along rights (100%) check
2.4 – Dividend Policy check
2.5 – Free-Float (Minimum of 25% of the shares) check
2.6 – Capital only represented by Common Shares check
2.7 – Adhesion to the Arbitration Chamber check
3 – ACCOUNTABILITY
3.1 – Possibility of establishing the Fiscal Council check
3.2 – Board of Directors composed by 6 to 8 members check
3.3 – Two-year terms, with reelection allowed check
3.4 – Board of Directors members elected by minority shareholders check There was no indication of minority
3.5 – Independent Directors check (more than 50%)
3.6 – Board of Directors with pre-determined activities as per Internal Rules check
3.7 – Annual Report presents the Management participation in the Company’s Capital check
3.8 – Annual Report presents the Management’s individual or aggregated compensation check
3.9 – Financial Statements available according to the International Accounting rocedures check
3.10 – Auditing, Internal control (COSO) check
3.11 – The main executive is annually evaluated by Board of Directors check
3.11.1 – The Board of Directors approves the Management evaluation check
3.11.2 – The Board of Directors does its own evaluation and the Individual evaluation of each member of the Board check
3.12 – The compensation of the executive officers is structured in order to be tied to the Company’s results check
3.13 – The CEO and the Chairman of Board of Directors positions are performed by different persons check
3.14 – Availability of:
3.14.1 – Related parties contracts disclosed through CVM check
3.14.2 – Stock Options Program check
4 – Compliance
4.1 – We obey regulatory rules expressed in By-Laws, Internal rules and Legal Institutions in the Country check
4.2 – Committees
4.2.1 – Audit, Risk Management and Compliance Committee check Report to the board of directors
4.2.2 – Conduct Committee check Report to the CEO
4.2.3 – Disclosure Committee check Report to the CFO
4.2.4 – Personal Management and Compensation Committee check Report to the board of directors
4.2.5 – Governance Committee check Report to the board of directors
4.2.6 – Sustainability Committee check Report to the CEO