Governance

BB Foundation carries out its activities according to ethical standards in its relations with the different publics and adopts the best governance practices, acting with integrity, transparency, equity, accountability and socioenvironmental responsibility. In its 2019-2023 Five-Year Strategic Plan, it declared integrity to be one of its values, based on ethics, trust and transparency.

The management of internal processes and governance are periodically assessed by Banco do Brasil's Internal Audit. The financial and accounting statements and the system of internal controls are evaluated by an independent audit.

The BB Foundation's performance is anchored in its Bylaws, Internal Regulations, Code of Ethics and Standards of Practice, Governance Code and Institutional Policies.

Bylaws

It is the governing norm in which the purposes of the BB Foundation are defined, as well as its organizational structure, the competences of the bodies and their respective members. The document also has the function of guiding the administration regarding the means to achieve the strategic objectives.
Internal Regulations

It contains the norms that govern the activities and operation of BB Foundation, in addition to the norms of the Bylaws.
Code of Ethics and Standards of Practice

They establish guidelines that guide BB Foundation’s activities, through principles, values and behavior patterns of its internal and external stakeholders and with society.
BB Foundation Governance Code

BB Foundation has sought to make use of the best corporate governance practices, even in the face of the lack of specific legislation on governance aimed at third sector organizations.

As a way of materializing its commitment to governance, BB Foundation declared, in its 2019-2023 Five-Year Strategic Plan, five strategic perspectives, among them sustainability, whose objective is to “Ensure the best Environmental, Social and Governance (ESG) practices”.

BB Foundation’s Governance Code aims to highlight the governance practices with which the institution is committed, in order to comply with its purpose of “valuing lives to transform realities”, having as principles transparency, equity and responsibility that guide the management. In addition to encouraging and influencing other third sector organizations to adopt practices that ensure good governance.
Institutional Policies

Policies are guidelines on conduct that BB Foundation must adopt in certain situations defined previously. They portray the expected behavior pattern with internal and external stakeholders, ensuring the achievement of the organization's social purposes.

Seeking to improve management even more, BB Foundation has been establishing, since 2015, its Institutional Policies, reviewed annually with the aim of promoting the institution’s perpetuity, listed below:

Sustainability Policy - guides the BB Foundation's behavior in relation to ethics and social, environmental and climate responsibility, by carrying out actions in line with the Sustainable Development Goals (SDGs) and the best Environmental, Social and Governance (ESG) practices, in order to cooperate for a more balanced and fair society, preserving the continuity and efficiency of its performance.
Social Investment Policy - guides BB Foundation's actions regarding its social investment, with the aim of promoting, supporting, boosting and sponsoring actions, in line with the Strategic Plan, bylaws and internal regulations.
Risk Management Policy - guides BB Foundation on the adoption of a risk management structure compatible with the size, the nature of the actions, the complexity of the processes and the relationships established with the different stakeholders of BB Foundation.
Internal Controls and Compliance Policy - establishes principles and guidelines to be observed to ensure the effective management of compliance risk and the strengthening of the Internal Controls System, in accordance with the complexity of their processes, and to disseminate the culture of controls. In addition to emphasizing that the responsibility for internal control and compliance activities is an attribution of all employees, at their various hierarchical levels.
Privacy and Protection of Personal Data Policy - guides BB Foundation's actions with regard to the privacy of personal data, demonstrating its commitment to the confidentiality of information and transparency regarding the treatment of personal data in custody.
Information Security and Cybernetics Policy - guides BB Foundation in the management of information and cybernetics security, demonstrating its commitment to the protection of corporate information and other information assets.
Business Continuity Management Policy - guides the behavior of BB Foundation, aimed at mitigating operational risks and effectively restoring services interrupted or degraded by events of any nature.
Investment Policy - establishes the guidelines and parameters to be observed for the management of BB Foundation's financial assets.
Sponsorship Policy - guides BB Foundation with respect to sponsorships, defining their direction, considering the specific needs and the legal and regulatory aspects to which they are subject, in line with the Strategic Plan in force.