Organizational Structure

The governance structure of BB Foundation ensures the appropriate division of operational and management responsibilities between its management and supervisory bodies, making decisions by voting, with the aim of minimizing risks, integrating visions, adding value and quality to the decision and sharing knowledge and responsibilities.

Trustee Council

Superior deliberation and guidance body, responsible for drawing up the fundamental guidelines for the achievement of the BB Foundation's objectives. It consists of three permanent members and eight temporary members and their respective alternates. The term of office for the temporary members is two years, with the possibility of renewal only once.

The Trustee Council of BB Foundation carries out, annually, a process of self-assessment and evaluation of the Executive Board and the area responsible for advising and secretariat of the Council, through its own instrument approved by the Board.

The Bylaws, revised in 2021, provide for the suppression of the role of deputy members of the Trustee and Fiscal Councils We emphasize that there are transitional rules to allow the current deputies to complete the exercise of their mandates.

Fiscal Council

A body that supervises the management acts of the administrators and the activities of BB Foundation. Comprised of three official members and their respective substitutes, with a two-year term of office, renewal is permitted once.

Executive Board

Body responsible for the administration of BB Foundation, with permanent operation. Coordinates and implements the decisions of the Trustee Council and statutory provisions. Conducts other matters related to management, observing the principles and good practices of governance. The board comprises the president, executive director of Social Development and executive director of People Management, Controllership and Logistics. Members are elected by the Trustee Council, among active employees of Banco do Brasil S.A., with a two-year term of office, with the possibility of renewal.

Investment Committee

Advises and proposes to the Trustee Council the investment strategies for the financial assets of BB Foundation. It is composed of two trustee members, elected by that Committee; by the president and executive director of People Management, Controllers and Logistics at BB Foundation.

Internal Committees

Responsible for complying with the BB Foundation's strategic, budgetary and operational plan, as well as the definition and administration policies and guidelines for human, financial, technological, administrative and communication resources.

Audit

The audit functions are performed by the Internal Audit Unit of Banco do Brasil (Audit), which assesses the governance and internal processes of BB Foundation. It is also audited by an independent auditing company, which annually reviews our accounts and internal control system.