Overview

Its corporate governance model rests on the three pillars of ethics, transparency and equitability.

BRF was the first company in the food and beverages sector to adopt BM&F Bovespa’s Novo Mercado regulations. Its corporate governance model rests on the three pillars of ethics, transparency and equitability. The Company adheres to best practices by maintaining exclusively common shares; equality of rights, a premium in the event of public offerings of shares and mechanisms for investor protection; prohibition on shareholders and executives exploiting advantages arising from access to insider information; securities trading and disclosure of material facts policies and arbitration as a more agile and specialized manner for solving conflicts of interest.

BRF signed up to BM&F Bovespa Novo Mercado regulations on April 12, 2006, adhering to the Market Arbitration Panel as enshrined in the commitment clause in its Bylaws.

BRF is a widely-held company with securities trading on the São Paulo (BM&F Bovespa - BRFS3) and New York (Level III ADRs -BRFS) stock exchanges. Given its presence in two markets, the Company’s financial statements comply with international accounting principles (IFRS) and the Financial Report Internal Control System (SCIRF) based on the Sarbanes-Oxley (SOX) Act.

The Board of Directors approves the Company’s results quarterly and these are published according to IFRS accounting principles. The Board of Executive Officers meets monthly to monitor overall performance on the basis of indicators proposed by Brazilian and international institutions such as Global Reporting Initiative (GRI) guidelines. In a meeting, the nomination of the sitting members of the Advisory Committees were approved, which are Strategy and Markets Committee, Finance and Risk Policy Committee, People, Organization and Culture Committee and Governance and Sustainability Committee.

The Company seeks to ensure transparency in the relationship with the market by offering a continually updated investor relations website (ir.brf-global.com), disclosure of material information, promotion of meetings under the auspices of associations such as Apimec - Association of Capital Markets Analysts and Investment Professionals. BRF also holds quarterly conference calls, national and international road shows, one-on-one meetings, attends requests from the principal financial institutions for investor meetings and maintains a specialized team for handling personal investors.

Governance bodies include the General Shareholders’ Meeting, the Board of Directors, the Fiscal Council, which accumulates the functions of an Audit Committee, advisory committees to the Board of Directors and the Board of Executive Officers.

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