Overview
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In 2000, BM&FBovespa introduced in the Brazilian capital market three special listing segments (Level 1, Level 2 and Novo Mercado) for companies that voluntarily adopt special corporate governance practices. These practices grant shareholders more rights and increase disclosure requirements in comparison to those imposed by Brazilian legislation. BM&FBovespa's goal in introducing those special corporate governance levels was to create a trading environment that both arouses investors' interest and increases companies' value.
 
MMX Mineração e Metálicos S.A. adhered to the rules of Novo Mercado, the listing segment with the strictest corporate governance requirements. This demonstrates the Company's commitment to the principles of disclosure, fairness, accountability and corporate responsibility.
 
MMX Mineração e Metálicos S.A. Corporate Governance best practices:
 
A capital structure granting the same rights to all shareholders, with common shares only and 100% tag along rights; 
 
Separate positions of Chairman of the Board of Directors and Chief Executive Officer;
 
Engaging stakeholders in discussions;
 
A Board of Directors with over 20% of independent members (more than required by the Novo Mercado Regulations);
 
An Audit Committee composed of 8 independent members of the Board of Directors;
 
A Corporate Governance Policy comprising the guidelines adopted by the Company;
 
Encouraging shareholders to attend the General Meetings;
 
Frequent meetings with investors;
 
Posting an annual calendar with the dates of corporate events;
 
Disclosing additional information in the reference form and in the quarterly financial information;
 
Adherence to an arbitration whereby the Company, its shareholders, executives and members of the Statutory Audit Committee agree to settle any and all disputes or controversies that may arise between them regarding issues dealt with in the Novo Mercado Regulations through arbitration conducted by the Market Arbitration Chamber;
 
Introduction of sustainable development practices in the EBX Group's projects;
 
A commitment to transparency;
 
Financial statements prepared in accordance with the international accounting standards and the best Corporate Governance practices and posted in Portuguese and English;
 
Easy access to the Securities Trading Policy;
 
Easy access to the Disclosure Policy for Material Facts/Acts;
 
• A Code of conduct comprising guidelines for relationships with stakeholders and everyday practices.
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