Corporate governance model


Corporate governance model

Corporate governance model

Vale's governance model is based on the principles of clear roles and responsibilities, transparency and stability, which are essential to position Vale on a clear growth and value creation path.

  • Role
  • Transparency
  • Stability

Learn more about Vale's board

Board of Directors

This sets general guidelines and policies for the company’s business, evaluates the plans and projects proposed by the executive oficcers and measures the results achieved.

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Executive Board

The Executive Officers are the company’s legal representatives and are responsible for day-to-day operations and the implementation of the general policies and guidelines set forth by the Board of Directors. The CEO acts as the interface between the Executive Board and the Board of Directors.

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To support the Board of Directors' activities there are five advisory committees: Executive Development, Strategy, Finance, Accounting, and Governance and Sustainability. The committees are discussion forums where the views of its members are discussed. This helps to achieve greater maturity and alignment of the ideas presented to the Board of Directors, thus helping to streamline the decision-making processes and improving decision making quality.

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Fiscal Council

Under Brazilian Corporate Law, Vale may appoint a Fiscal Council, as a corporate body independent of the Company’s management and external auditors. The primary responsibility of the Fiscal Council is to review management’s activities and the financial statements, and report its findings to the shareholders. Vale has established a permanent Fiscal Council, which may have from three to five members. Holders of preferred class A shares, including the golden shares, may elect one member of the Fiscal Council and the respective substitute.

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NYSE corporate governance requirements

Comparison of Vale's corporate governance practices with the New York Stock Exchange corporate governance requirements applicable to U.S. companies

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