Boards and Management


Itaúsa – Investimentos Itaú S.A.



Board of Directors


Chairman

José Carlos Moraes Abreu

Vice Chairmans

Alfredo Egydio Setubal
Carlos da Camara Pestana
Maria de Lourdes Egydio Villela

Board Members

Alfredo Egydio Arruda Villela Filho
Paulo Setubal


Alternate Board Members

Ricardo Egydio Setubal
Rodolfo Villela Marino


Audit Committee

In this corporate sphere there is the inclusion of participation by independent board members. The Audit Committee operations comply with Brazilian Law 6404/76. The committee has the role of inspecting the management’s acts and issuing reports and opinions on the company’s activities, primarily in terms of its accounting statements. The decision of whether to install the committee is made annually by the General Shareholders’ Meeting.

In the case of Itaúsa, the committee has existed uninterruptedly since 1997 and has historically consisted of from three to five members. Currently, it includes three independent professionals from the holding group, one of whom is elected by the preferred shareholders.

Chairman

José Marcos Konder Comparato

Board Members

Luiz Alberto de Castro Falleiros
Paulo Ricardo Moraes Amaral

Alternate Board Members

João Costa
José Roberto Brant de Carvalho
Sérgio Alvares da Fonseca Pinho


Committees

The committees serve as a management tool and must operate through a structure anchored by the role of the Boards of Directors and the Audit Committee. They also assist with the management and the strategic decision making processes at the Itaúsa Conglomerate companies.

Disclosure and Trading Committee

The operations of this committee include an array of internal actions, designed to improve the flow of information and promote the ethical conduct of its administrators and employees who have signed the Material Fact or Event Disclosure Policy and Securities Trading Policy in order to preserve the transparency, quality, equality and security of the information provided to shareholders, investors, the press, government authorities and other capital market agents.

Chairman

Alfredo Egydio Arruda Villela Filho

Members

Alfredo Egydio Setubal
Henri Penchas
Ricardo Egydio Setubal
Rodolfo Villela Marino

Investment Policy Committee

This committee’s main function is to discuss relevant topics that may have a strong impact on the business of the holding and its companies. All of the functions are designed to support the Board of Directors in its discussions with the Management of the companies in terms of strategic guidelines and business themes. The attributions include everything, from investment opportunities and budget guidelines to advisory and support for the Managing Director, when it comes to monitoring the corporate strategy. The forum is supported by the Economic Scenarios Sub-Committee that provides the Board of Directors with macro-economic data in order to support its reflections on the definition of strategies, investments and budgets.

Coordinators

Ricardo Egydio Setubal
Rodolfo Villela Marino

Members

Alfredo Egydio Arruda Villela Filho
Alfredo Egydio Setubal
Fernando Marques Oliveira
Henri Penchas
Ricardo Villela Marino

Accounting Policy Committee

Created to review and approve the accounting policies and procedures in order to guarantee full compliance with regulatory standards and their uniform application throughout the entire Itaúsa Conglomerate. The committee is focused on estimate, evaluation and judgment criteria, in addition to monitoring the elaboration process of the official documents designed for publication and disclosure.



More information on the experience of the Board of Directors and Audit Committee members, as well as those of the other committees and the Management, including with relation to the social-environmental issues, can be found in the Reference
Form at www.itausa.com.br.

Chairman

Roberto Egydio Setubal

Members

Alfredo Egydio Arruda Villela Filho
Henri Penchas


Management

Managing Director

Alfredo Egydio Arruda Villela Filho


Vice Managing Directors

Henri Penchas (Diretor de Relações com Investidores)
Jairo Cupertino
Roberto Egydio Setubal






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