Due to its commitment to the good practice of Corporate Governance, Klabin maintains a close partnership with both its shareholders and the Capital Market, acting together in an ongoing process of improvements and growth, built day by day.

In the understanding that the practice of corporate governance is of fundamental importance to any forward-looking company wishing to grow in a sustainable fashion, and not merely paying lip service to stock market requirements, the Company has acted in several fields with the purpose of perfecting managerial processes, of creating more transparency and understanding of the business by the general public, of improving human relationships at the professional level and of fortifying recognized ethical values.

This translates into a collection of policies, principles and guidelines which provide support to the responsible management and control of the company. In December 2002, Klabin was able to join Level 1 Corporate Governance on the São Paulo Stock Exchange, which is one of the special trading segments of Bovespa and only lists the shares of companies which are committed to transparency.

In this way, in September 2005 Klabin’s Board of Directors agreed to concede the right for preferred shares to be included in a public offering, the result of an eventual sale of control (tag-along), guaranteeing they would receive a price equal to 70% of the value paid for common shares, an integral part of the controlling block, and without loss of the advantages attributed to them, that is to say, upholding their right to dividend payment of preferred shares which is 10% higher than that attributed to common shares.

This section of our site supplies information on:

Level 1 Corporate Governance
Company By-laws
Shareholder Structure
The Board of Directors
Fiscal Council
Executive Board