Vale Board of Directors sets general guidelines and policies for the Company’s business and monitors the implementation of those guidelines and policies by the Company’s executive officers. The Board of Directors holds regularly scheduled meetings on a monthly basis and holds additional meetings when called by its chairman, vice-chairman or any two directors. Decisions of the Board of Directors require a quorum of a majority of the directors and are taken by majority vote.
Under the Brazilian Corporate Law, the Board of Directors must have at least three members. Each director and his or her respective alternate are elected at a general shareholders’ meeting and are subject to removal at any time. Vale bylaws state that the Board of Directors must consist of eleven members and eleven alternates. Vale current employees have the right to appoint one director and an alternate.
Under the Brazilian Corporate Law, members of the Board of Directors must be shareholders of Vale. Members of the Board of Directors are elected for two-year terms and can be re-elected. Each alternate director serves on behalf of a specific board member. In the absence of the director for whom an alternate director is acting, that alternate director may attend and vote at meetings of the board of directors.
The table below lists the current members of the board of directors.
MEMBERS (first year of appointment)
- Ricardo José da Costa Flores
Mário da Silveira Teixeira Júnior
José Ricardo Sasseron
Robson Rocha
Nelson Henrique Barbosa Filho
Renato da Cruz Gomes
Fuminobu Kawashima
Oscar Augusto de Camargo Filho
Luciano Galvão Coutinho
Paulo Soares de Souza
José Mauro Mettrau Carneiro da Cunha
ALTERNATE (first year of appointment)
Marco Geovanne Tobias da Silva
João Moisés de Oliveira
Deli Soares Pereira
Sandro Kohler Marcondes
Eustáquio Wagner Guimarães Gomes
Luiz Carlos de Freitas
Hajime Tonoki
Eduardo de Oliveira Rodrigues Filho
Paulo Sergio Moreira da Fonseca
Raimundo Nonato Alves Amorim
Vacant