How we are structured
Learn about the initiatives, projects and activities that strengthened our governance in 2020.
Klabin’s main governance bodies, which act synergistically to achieve the company’s economic, social, and environmental objectives, are the General Shareholders’ Assembly, the Board, and the Directors.
Klabin also has Fixed Board Advisory Commissions, divided by themes, which discuss, plan, and validate business support strategies. They follow the company’s growth cycle, monitor operational efficiency, and contribute to the mapping of business opportunities.
In December 2020, the governance structure was reinforced with the creation of three Board advisory committees – the Audit and Related Parties Committee, the Sustainability Committee, and Remuneration Committee – and the election of its members.
The committees meet every two months to assess results and discuss strategies and, extraordinarily, to discuss and approve relevant themes that require rapid consideration by the Board.
Conceptual structure of risk management and internal controls
The company’s risk management practices and internal controls involve its entire regulatory structure, approval assessments, relevant risk indicators, process mapping based on financial reports, and key controls of the areas, as well as integrity assessments, security analysis of potential cyber-attacks, analysis of operational transactions in SAP, and function segregation conflict analysis.
Given its vertical business structure, operational risks in the production process and corporate risks are among those permanently on the company’s radar. Such risks are commonly associated with the following factors:
- Use of chemicals in production
- Storage and disposal of chemical waste
- Explosions, fires, and wear and tear caused by time and exposure to the weather and natural disasters
- Potential mechanical failures, time required for unscheduled maintenance or repairs, transportation hold-ups, corrections, chemical leaks, and other environmental hazards
We made progress in 2020 with Board approval of the priority operational and corporate business risks for Klabin.
In the ESG Panel, see indicators GRI 102-18, 102-19, 102-20, 102-22, 102-23, 102-24, 102-26, 102-27 and 102-28.