BOARD OF DIRECTORS

The Board of Directors consists of six members. Two are independent and are elected by the minority holders of voting and preferred shares. The Board is responsible for monitoring the performance of Company's bussinesses, for defining the Organization’s long-term strategy and for selecting the executive officers, in addition to deciding on issues of relevance to the businesses and operations.

BOARD OF AUDITORS [Back]

Consisting of five members, three nominated by the controlling shareholder and two by the minority shareholders, the Board of Auditors supports the Board of Directors with independent assessments of the accuracy of Alpargatas' numbers.

* Independent Members

EXECUTIVE OFFICER [Back]

The executive officers are responsible for running the businesses and for ensuring that the Company pursues its established objectives and executes the deliberations of the Board of Directors. There are eight executive officers. The four statutory executives are chosen by the Board of Directors and exercise a one-year mandate that it renewable. The executives meet once in a week to oversee businesses activities.