Vale's governance model is based on the principles of transparency and stability needed to position Vale on a clear growth and value creation path.
- It is the responsibility of the Board of Directors to define general Company strategic policies and guidelines, to evaluate the plans and projects submitted by the Executive Board, and to make sure that results are achieved.
- To support the Board of Directors activities there will be five advisory committees: Executive Development, Strategic, Financial, Accounting and Governance and Sustainability. The committees are discussion forums where the visions of its members are examined. This helps to achieve greater maturity and alignment of the ideas presented to the Board of Directors, thus helping streamline the decision-making processes and improving decision making quality.
- The Executive Board is responsible for the execution of the business strategy defined by the Board of Directors, the elaboration of plans and projects and the operational and financial performance of the Company. The Chief Executive Officer (CEO) is responsible for select the members of the Executive Board, which should be confirmed by the Board of Directors. The CEO, among other roles, acts as the liaison between the Executive Board and the Board of Directors.
Comparison of Vale’s corporate governance practices with the New York Stock Exchange corporate governance requirements applicable to U.S. companies.