The Board of Directors is the decision-making body responsible for the general direction of Boa Safra’s business, including its long-term strategies. It is also responsible for the election of the company’s officers and the supervision of the respective management. The decisions of the Board of Directors are taken by the favorable vote of the majority of its members present at their meetings.

The Board of Directors of Boa Safra will hold ordinary meetings 4 times a year, at the end of each quarter, and extraordinary meetings whenever social interests so require, upon the call of its chairperson.

The Bylaws establish that the Board of Directors of Boa Safra shall comprise at least 3 and no more than 11 members, all with a unified term of office of 2 years, and re-election is authorized. At least 2 or 20%, whichever is greater, of the members of the Board of Directors shall be Independent, according to the Novo Mercado Regulations.

This management body is responsible for complying with and monitoring the strategic guidelines defined by the Board of Directors, establishing guidelines for operational, socio-economic and sustainability activities, in addition to performing, within its specific attributions, all the acts necessary for the good functioning of the company.

The Audit Committee of Boa Safra is an advisory body linked to the Board of Directors and acts independently from the Executive Board. The Committee aims to supervise the quality and integrity of the financial reports, the compliance with legal, statutory and regulatory rules, the adequacy of the processes related to risk management and the independent auditors’ activities.