Corporate governance

As Klabin’s highest decision-making authority, shareholders are responsible for deciding on strategic and operational issues, such as electing members of the Board of Directors and approving the financial statements.

Composed of 14 regular and alternate members elected at General Shareholders’ Meetings, six of whom are independent, the board’s responsibilities include defining the business objectives of Klabin and its subsidiaries, monitoring and assessing the Company’s performance, and appointing and evaluating the members of the Statutory Board.

Senior management is divided into three groups: the Statutory Board, the Executive Board and appointed officers. The Statutory Board is made up of six members – the CEO and six directors – all elected by the Board of Directors. This group is responsible for implementing the board’s decisions and, together with the other directors, managing the Company’s day-to-day operations and business activities. The Executive Board consists of two additional directors, who report to the CEO.

Comprising five regular members and five alternate members, this body is responsible for assessing the financial statements, giving its opinion on the management bodies’ proposals to be submitted to General Shareholders’ Meetings, and overseeing the performance of executive officers.

Klabin has three advisory committees: the Audit and Related Parties Committee, People and Culture Committee, and Sustainability Committee. Each is made up of a minimum of three and a maximum of five members, all elected by the Board of Directors. The role of these committees is to evaluate, vote on and issue opinions on the duties and responsibilities defined in their respective regulations, approved by the Board of Directors.