Overview

Corporate Governance is a system through which companies are directed and monitored, encompassing relationships among their Shareholders, Boards, Executive Boards, Independent Auditors and Audit Committees. Good Corporate Governance practices are intended to enhance the value of the Company, with easier access to capital and a longer lifespan. The modern and transparent Corporate Governance policy adopted by the EBX Group assures protection for the interests of all its shareholders and other publics involved with its related companies. This is why MMX, OGX, MPX, LLX and OSX are listed with Brazil’s Novo Mercado on the São Paulo Stock Exchange (BOVESPA).

Brazil’s Novo Mercado is a listing segment on this Stock Exchange set aside for trading in shares issued by companies that voluntarily agree to adopt Corporate Governance practices and disclose additional information, over and above the data required by Brazilian Law.

The São Paulo Stock Exchange has three Corporate Governance tiers: Tier 1, Tier 2 and the Novo Mercado, distinguished by the stringency of the requirements for these practices. The most demanding is Brazil’s Novo Mercado, which requires highest level of Corporate Governance practices to be adopted by the company.

The basic principles of good Corporate Governance are adopted by OGX, namely: disclosure, fairness, accountability and corporate responsibility. The Corporate Governance structure of OGX consists of the Board, the Audit Committee, the Executive Board, the Sustainability Committee and the Internal Audit Department, ruled by its By-Laws and the applicable In-House Regulations.

OGX strives constantly to blend agility, efficiency and quality in the decision processes of its senior management, thus attaining excellence in the management of its businesses and consequently maximizing the returns expected by its Shareholders.