Two milestones for Transpetro's governance have recently occurred: the appointment of new members to the Board of Directors and the creation of new advisory committees linked to the collegiate body.
With the new composition, the company's Board of Directors is now composed of eight members, with two independent members among the eight elected.
The new directors elected between September and November are: Marco Antônio Mayer Foletto (independent member), Guilherme José Macedo Pinheiro de Lima, Alfredo Rival Blanco, Rawflin Praia Bezerra (independent member) and Edson Leonardo Daléscio Sá Teles (representative of the Ministry of Planning, Development and Management). They join the board members Hugo Repsold Junior, Fabiana Graças Silva dos Anjos (employee representative) and the chairman of the board, Jorge Celestino Ramos, who were already members of the board.

Statutory Audit Committee
With the conclusion, on November 13, of the new composition of the Board of Directors, Transpetro created its Statutory Audit Committee (Comitê de Auditoria Estatutário  - CAE), composed of three members: Marco Antônio Mayer Foletto (Board member and committee chairman), Edson Soares Ferreira and Gerson Luiz Gonçalves. The new committee begins to absorb and expand the role previously played by the non-statutory Audit Committee (Comitê de Auditoria não-estatutário - Coaud), created in December 2015.
With attributions provided by the law and in the Internal Regulations, the CAE is directly linked to the Board of Directors and is responsible for supporting the collegiate body in the inspection on the quality of the financial statements, the effectiveness of the internal control systems, the risk management, the activities of internal audit and independent audit, and other related topics.

Strategic and Financial Committee
In addition to the CAE, Transpetro started having the contribution, as of November 26, of the performance of the Strategic and Financial Committee (Comitê Estratégico e Financeiro  - Coestfin), also linked to the Board of Directors, and composed of three members: Guilherme José Macedo Pinheiro de Lima (Board of Directors member and committee chairman), Cláudio Rogério Linassi Mastella and Carlos Henrique Vieira Cândido da Silva.
Coestfin is responsible for advising the Board of Directors in the company's guidance and senior management functions, through the analysis and monitoring of the strategic plan and the business plan, the identification and analysis of business opportunities and the discussion of financial subjects submitted to the board.
Click here to learn more about all the members of Transpetro's Board of Directors and committees, as well as the rules of each collegiate.