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Corporate Governance

Introduction

Banco do Brasil adopts good corporate governance practices, based on transparency, the publishing of accounts, equity and social-environmental responsibility. The Bank has been listed on the BM&FBovespa Novo Mercado since May 2006. This listing segment combines companies with the highest level of corporate governance in Brazil's capital markets, who adhere to this segment on a voluntary basis.

As a member of this select group, BB seeks to reinforce the generation of value for its shareholders by adopting practices that mitigate conflicts of interest, particularly between majority and minority shareholders.

BB's main governance document is its Corporate Bylaws, which determine various good governance procedures, such as the regulation of the functioning of the Board of Directors and the way in which it operates, among other. In addition to this, the Bank has a Corporate Governance Code adopted in 2007, which establishes the principles and practices needed to portray a panoramic and simplified vision of the transparent management of Institution. The Bank also has a code of ethics, which governs the relationship of BB's employees with its public target audiences, in addition to codes of conduct and internal rules. Banco do Brasil has also sought to improve the governance of the organizations which make up the conglomerate. In 2010, advances were implemented in the governance of Banco Votorantim, such as the connection between the Internal Audit and the Board of Directos and the implementation of a project that aims to attend the Sarbanes-Oxley (SOX) regulation.

Through its investment bank, BB-BI, Banco do Brasil is a signatory of the Anbima Code of Regulations and Best Practices, which reiterates ethical standards, maximum transparency and the qualification of professional staff, as well as the commitment to quality in the recommendation of products and services offered in the capital markets.

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