To better perform its functions, the Board of Directors has 4 Advisory Committees composed of board members, namely (i) People and ESG Committee; (ii) Audit, Compliance and Risk Committee; (iii) Result and Finance Committee; and (iii) New Business Committee.

These Committees aim to create value for the Board of Directors by improving the quality of decision-making with greater efficiency and agility. The Committees do not have executive roles or decision-making power. Therefore, they support the Board of Directors’ decision-making process by expressing opinions and making recommendations.

The themes within the scope of the Committees are as follows:

People and ESG Committee: (4 members)

  • Governance Model (Company Bylaws, Charter of the Board of Directors and its Advisory Committees, Policies, structure and organization);
  • Assessment of the functioning of CCR’s Board of Directors and compliance of the members appointed to the Board with the Appointment Policy;
  • Compensation policy;
  • Leadership succession plan;
  • People processes, cultural alignment and organizational climate management;
  • Master Plan covering initiatives focused on ESG; and
  • Short and mid-term ESG global trends.

Audit, Compliance and Risk Committee (Statutory): (5 members)

  • Accounting and legal standards;
  • External audit;
  • Internal audit;
  • Internal controls;
  • Compliance matters;
  • Integrated risk map and risk management process; and
  • Related parties (pursuant to the Related-Party Transaction Policy, with the setting up of an ad hoc committee, if necessary).

Result and Finance Committee: (6 members)

  • Financial policies on key matters like liquidity, indebtedness, financial leverage level, market risk exposure, and dividends;
  • Five-year budget planning and long-term trends;
  • Monitoring of results and cash flow;
  • Business management (regulatory, investment, corporate and legal); and
  • Capital structure and fundraising.

New Business Committee: (4 members)

  • New pipeline opportunities in the primary and secondary market;
  • Current business opportunities covering new investments, extension of concessions, or divestments; and
  • Innovation strategy.