• Overview
• Vision
• Goals
• Strengths
• CVM Filings
• Corporate Governance

Main Guidelines

Since its inception, Multiner is committed to  proper Corporate Governance practices, respect to the environment  and the pursue of sustainable development.

Multiner is already registered at CVM (“Comissão de Valores Mobiliários”) and performs all legal filings, such as:
Quarterly & Annual Financial Results (ITRs & IANs); Standard Financial Reports (DFPs); Annual & Extraordinary Shareholders' Meetings Minutes (AGOs & AGEs); Board Meetings' Minutes (RCAs); and others.

Furthermore, the Company files its Material Fact Disclosure Policy.

The Company is managed by the Board of Directors (BoD) and by its Executive Board whose members have a large experience in operational and financial matters. More than half of the current members of the Board are independent.

Multiner is also strongly committed to the social development of the communities where it operates and to the respect of the environment.

Bylaw and Minutes

Please, click the links below to access Multiner's bylaw and minutes of meetings:

. Bylaw

 Minutes of Shareholders' Meetings

. Extraordinary Shareholders' Meeting held on 08/25/2008 *

. Extraordinary Shareholders' Meeting held on 09/05/2009 *

. Extraordinary Shareholders' Meeting held on 12/04/2008 *

. Shareholders' Annual Meeting held on 04/27/2009 *

. Extraordinary Shareholders' Meeting held on 07/22/2009 *

. Extraordinary Shareholders' Meeting held on 11/05/2009 *

. Extraordinary Shareholders' Meeting held on 11/17/2009 *

. Extraordinary Shareholders' Meeting held on 12/14/2009 *

. Extraordinary Shareholders' Meeting held on 01/07/2010 *

. Extraordinary Shareholders' Meeting held on 03/08/2010 *

. Extraordinary Shareholders' Meeting held on 03/16/2010 *

. Preferred Shareholders' Meeting held on 04/30/2010 *

. Shareholders' Annual Meeting held on 04/30/2010 *

. Extraordinary Shareholders' Meeting held on 05/31/2010 *

. Extraordinary Shareholders' Meeting held on 06/18/2010 *

Minutes of Board of Directors Meetings:

. Board of Directors' Meeting held on 12/04/2008 *

. Board of Directors' Meeting held on 12/05/2008 *

. Board of Directors' Meeting held on 03/30/2009 *

. Board of Directors' Meeting held on 07/22/2009 *

. Board of Directors' Meeting held on 07/23/2009 *

. Board of Directors' Meeting held on 09/14/2009 *

. Board of Directors' Meeting held on 12/01/2009 *

. Board of Directors' Meeting held on 02/04/2010 *

. Board of Directors' Meeting held on 03/03/2010 *

. Board of Directors' Meeting held on 04/05/2010 *

. Board of Directors' Meeting held on 05/05/2010 *

. Board of Directors' Meeting held on 06/14/2010 *

. Board of Directors' Meeting held on 06/18/2010 *

. Board of Directors' Meeting held on 07/15/2010 *

. Board of Directors' Meeting held on 08/16/2010 *

Board of Directors

Multiner's Board of Directors (BoD) has the primary role of orienting the Company's general business, as well as controlling and monitoring its performance.

It consists of at least five and no more than nine members, all shareholders of the Company, with a unified term of up to one year, reelection being allowed.

Regardless of the number of BoD members, the holders of redeemable preferred shares have the right to appoint, as a group, two of its members.

At least 20% of the members of the Board must be independent.

Currently, Multiner's BoD comprises the following members:

Material Fact Disclosure Policy

Organization chart

In March 2010, Multiner S.A. began to hold 97% of the total capital stock of 2007 Participações S.A., which owns 99% of the shares of Rio Amazonas S.A. (RAESA), which in turn owns Cristiano Rocha TPP. The transfer of 67% of the total capital stock of 2007 Participações S.A., according to the "Share Purchase Option Agreement and Other Covenants", held on February 2008, remains subject to ANEEL’s approval.

* Available only in Portuguese