CCR’s Board of Directors governance model may be characterized by three main dimensions: attributions, composition and dynamics.

The roles of each – both individually and collectively – are outlined in the Company’s Corporate Governance Manual. All decisions are collective, and there is always a balance among the parties proposing, analyzing and approving the matters at hand.

An example of this dynamic is the Company’s key-post election and dismissal system. The party that proposes a person is neither the one which confirms it nor the one which approves that individual. This format allows the entire Board of Executive Directors and the members of the Board of Directors to be in full harmony regarding the decisions taken.