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Embratel SA(Operating Company) - Information to Shareholders

Corporate Governance

Corporate governance is the way a business management is run by taking into account the interest of all those bearing a relationship with the company, especially its shareholders. For that purpose, Embratel Participações has instruments such as Bylaws, Disclosure Policy and Investor Relations Policy, which establish the most important decision-making criteria for the Board of Directors, enabling the public to follow the decision-making process with full transparency.

Disclosure Policy
Bylaws
Directives and procedures for the publication of corporate data. The Bylaws are a mainstay of good corporate governance.

Shareholders' Meetings
Board
Minutes and summaries of the Ordinary and Extraordinary Shareholders' Meetings of Embratel Participações. The members of the Board of Directors and Fiscal Council of Embratel Participações.

Code of Ethics
The Standards of Conduct are the expression of Embratel's corporate commitment.