Board of Directors, Management and Committee
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The management of the EBX Group is comprised of the best professionals in the market. They are people who are passionate about what they do, and have a commitment to growth and innovation. We invest in talent and value experience.
 

Board of Directors

The Board of Directors of MMX Mineração e Metálicos S.A. – In Judicial Recovery is a collegial deliberative body that, according to the Company Bylaw, shall be composed of at least 03 (three) and maximum 11 (eleven) members, all of them under unified mandate of 02 (two) years. Currently, the Administrative Board of the Company is composed by 1 (one) member. The others vacancies will be fulfilled timely.

Among other functions it is the responsibility of the Board of Directors to:
 

•    Establish objectives, policies and overall direction of the Company businesses;

•    To appoint and remove the Company Officers, assigning them powers;

•    Oversee the Officers management;

•    Pronounce itself in advance about the Management Report, Board of Officers accounts and financial statements for the year;

•    Pronounce itself in regard to any takeover bid of shares intended to the shares issued by the Company, through justified opinion, released up to 15 (fifteen) days after publication of the Notice of the takeover bid of shares;
 

As stated in the Corporate Governance Policy of the Company, the Board must also be responsible for transactions involving related parties.

MMX Mineração e Metálicos S.A. – In Judicial Recovery recognizes the value of the good practices of corporate governance and strives constantly to improve them, working actively in the conduct of meetings with investors, holding talks with stakeholders, encouraging the participation of its shareholders at General Meetings and implementing in its undertakings the most advanced sustainable development techniques.
 
Board of Directors Position
Maria Carolina Catarina Silva e Gedeon Chairman of the Board of Directors

Maria Carolina Catarina Silva e Gedeon worked as a senior lawyer at the law firm Basilio Advogados, as well as partnering with law firms Carlos Mafra de Laet Advogados, Elcio Reis and Lawyers Associates and Viseu Advogados. Maria Carolina also held the position of Compliance and Risk Director of Mare Investimentos Ltda., In which she is co-manager of 2 Investment Funds in Holdings with Mantiq Investimentos. In 2017, he was a member of the Board of Directors of MMX Mineração e Metálicos S.A. - In Judicial Recovery.

Clovis Paes de Carvalho Member of the Board of Directors

Businessman in the branch of real estate development in the residential, commercial and hotel segments, partner of AIC Empreendimentos e Participações Ltda.

Luiz Felipe Bragança Itabirano Independent Member of the Board of Directors

Luiz Felipe began his professional activities in a law firm, more precisely in the area of the capital market. He has worked with public offers, as well as in corporate transactions, such as M&A and corporate restructuring. Since then he has been working in the field of corporate and advisory corporate law. Throughout his professional life he had the opportunity to work with several sectors such as oil & gas, retail, real estate, among others. Thus, his career was built by acting as a consultant lawyer in law firms: Basilio, Di Marino and Faria Advogados, Carlos Mafra de Laet Advogados and Viseu Advogados.

Board of Executive Officers

The Officers of the MMX Mineração e Metálicos S.A. - In Judicial Recovery (“MMX” or “Company”) are the legal representatives, responsible mainly for the daily management of the Company and the implementation of policies and guidelines established by the Board. According to the Corporations Law, the Company's Officers must be resident in the country, may be a shareholder or not. Moreover, until a maximum of one third of the members of the Board of Directors may hold positions in the Board of Executive Officers.

The Officers are elected by the Board of Directors of the Company with a term of one year, with the possibility of reelection. The Company's Bylaw provides that the Board of Executive Officers is composed of at least 2 (two) members and a maximum of 8 (eight) members, of whom there must be appointed a Chief Executive Office and an Investor Relations Officer. The remaining Officers must be appointed as Officers without specific designation. Currently, the Board of Executive Officers of MMX M is composed of 2 (two) members.

Currently, the Board of Executive Officers of MMX Mineração e Metálicos S.A. – In Judicial Recovery is composed by:


 

Board of Executive Officers Position
Clovis Paes de Carvalho Chief Executive Officer and Investor Relations Officer

Businessman in the branch of real estate development in the residential, commercial and hotel segments, partner of AIC Empreendimentos e Participações Ltda.

Fernando Hermanny Officer without specific designation

Fernando Hermanny holds a bachelor's degree in Business Administration from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) and has been, in recent years, the Director of EBX Holding Ltda.

Audit Committee

The Corporation Law allows companies to create complementary bodies to the Board of Directors and to the Board of Officers, in order to assist the Company's Directors and Officers in technical functions.

The Audit Committee main function is to advise the Board of Directors in carrying out its activities related to the accounting practices adopted in preparing the Company's financial statements and its subsidiaries and also indicating and evaluating the effectiveness of the independent auditors.

The Company's Audit Committee is subordinated to the Board of Directors. The Committee acts independently from the Company's Executive Board and consists of two (2) members elected for one (1) year, with the possibility of reelection. Members are appointed and dismissed by the Board of Directors and the Board of Shareholders appoints a representative who is responsible for chairing and coordinating the committee.

The Company does not have an Audit Committee at the moment.

Fiscal Committee

According to the Corporate Law, the Fiscal Committee is a corporate body, which is independent of the administration and the externals auditors and that can be either permanent or non-permanent. In accordance with the Company's bylaws, the Company's Fiscal Committee is a non-permanent body, which can be installed upon the request of the Company's shareholders, in the terms of the applicable legislation.

When installed, the Fiscal Committee's shall pursuit the attributions provided in the applicable regulation and shall remain in operation until the first General Meeting after the installation. The Fiscal Committee's main responsibility consists of supervising the administration's activities, review the Company's financial statements and report its conclusion to the Company's shareholders. According to the Brazilian Corporate Law, the Fiscal Committee must be composed for, at least, three and maximum five effective members and the same number of supplants.

The Fiscal Committee is not installed at this moment.

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