Cruzeiro do Sul Educacional, aligned with its mission and vision and based on its values (ethics, transparence; innovation; respect to identity and diversity; social commitment), has been constantly improving its corporate governance mechanisms and tools, committed to the to the highest standards of the best practices, ensuring transparence and ethics in account management and accountability to its shareholders, students, society and government, as well as reliability and integrity in all of its processes, and sustainability of its business, facts that have enabled it to join B3’s Novo Mercado special listing segment, since the Company’s IPO in 2021.
The Company also follows the recommendations of the Brazilian Corporate Governance Institute (IBGC) and among the measures implemented, it relies on the Compliance and Internal Audit areas, which report to the Senior Management and are responsible for identifying and mitigating risks, improving controls and carrying out internal audits, ensuring reliability and integrity of information in the decision-making processes.
The Board of Directors is composed of nine members, three of whom are independent members, which balances the Company’s decisions, thus avoiding conflicts of interest. The Audit and Finance Committees, the Policy for Trading Securities, the Related-Party Transactions Policy and the Risk Management Policy were created to support the Board of Directors’ strategy, aiming at the alignment between ethical principles and the adoption of good corporate governance practices at the Company.
Cruzeiro do Sul Educacional also has a Safe Channel that allows direct contact of employees, suppliers and business partners with the Compliance area, allowing the report of situations that may breach the Company’s ethical values and principles, or put them at risk. The reports are addressed in a confidential, impartial and anonymous manner. To access the Safe Channel, go to www.contatoseguro.com.br/cruzeiroeducacional. The channel is also available on the Company’s institutional website, as well as on the websites of its Educational Institutions.