• BNDESPAR’s Advisory Board
• BNDESPAR’s Fiscal Council
• BNDESPAR’s Executive Board

BNDESPAR’s Advisory Board

Main responsibilities:

The most important advisor to BNDESPAR is the Advisory Board. Among its main responsibilities, the following stand out:

1. Elect Directors;
2. Approve, as proposed by the Board, BNDESPAR’s plans and programs, establishing the general lines of its business;
3. Provide opinions on annual and pluriannual administrative and investment budgets;
4. Provide council to the Board to establish policies to be adopted and to define sectorial priorities; and
5. Provide opinions on the Board’s Annual Report, financial statements for the year and proposals to allocate earnings.

Composition

President

• Rafael Esmeraldo Lucchesi Ramacciotti

Counselors

• Arthur Cesar Vasconcelos Koblitz 
• Uallace Moreira Lima
• Clarice Costa Calixto 
• Carlos Afonso Nobre 
• Izabella Mônica Vieira Teixeira 
• Robinson Sakiyama Barreirinhas 
• Jean Keiji Uema 
• Adézio de Almeida Lima 
• Maria Laura da Rocha

Periodicity

Quarterly

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BNDESPAR’s Fiscal Council

Main responsibilities:

The Fiscal Council is in charge of examining and issuing opinions on the balance sheets and other financial statements, as well on the accounts rendered by BNDESPAR’s Board, besides exercising other responsibilities as set forth in the Corporations Act.

Composition

President

• Pedro Henrique Giocondo Guerra

President's substitute

• Suzana Teixeira Braga 
• Elisa Vieira Leonel

Substitutes

• Antônio Simões Branco Junior 
• Paula Bicudo de Castro Magalhães

Periodicity

Yet to be defined

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BNDESPAR’s Executive Board

Main responsibilities:

It is up to the Executive Board to exercise all powers in the general administration and executive management of BNDESPAR, and mainly:

1. Establishing programs and plans related to BNDESPAR’s performance
2. Approving annual and pluriannual investment and administrative budgets;
3. Approving general operating standards;
4. Deliberating on financial support operations;
5. Preparing BNDESPAR’s Annual Performance Report, financial statements for the year and proposals to allocate earnings to be approved by the Advisory Board and the Fiscal Council, and to be deliberated by its Sole Shareholder – the BNDES;
6. Authorizing the acquisition, divestment and guarantee of property;
7. Deliberating on the acquisition, divestment and guarantee of securities; and
8. Authorizing agreements, contracts and covenants constituting onuses, obligations or commitments for BNDESPAR.

Composition

Executive Officer

Aloizio Mercadante Oliva

Directors

Alexandre Correa Abreu
José Luis Pinho Leite Gordon
Helena Tenório Veiga de Almeida
Luciana Aparecida da Costa
Luiz Augusto Fraga Navarro de Britto Filho
Natália Dias
Nelson Henrique Barbosa Filho
Tereza Helena Gabrielli Barreto Campello
Walter Baère de Araújo Filho

Periodicity

The Board meets regularly twice a month, and extraordinarily, whenever summoned by the Chairman.

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