Board of Directors

As of December 31, 2008, the governance of the Company was performed by a Board of Directors made up of twelve Full Directors and ten Alternates. As of that date, the management of the Company was the responsibility of a General Manager at the head of a group of nine Executive Officers.

Surveillance Council

The Company's by-laws require the existence of a Surveillance Council made up of at least three full members with the role laid down by the Commercial Companies Law.

Audit Committee

In compliance with the terms of Decree 677/2001, in May 2004 the Audit Committee began to operate. It has been formed by 4 Directors, 3 of whom were appointed as full members of the Committee, one being appointed as alternate. For more information on the Committee's structure and tasks please check for Siderar's financial information in CNV.

Code of Conduct

Siderar has a Code of Conduct incorporating guidelines and standards on integrity and transparency applicable to all its employees and its directors. This code of conduct establishes the ethical principles that form the basis for relations between the company, its employees and third parties, and provides means and instruments to give transparency to issues and problems that may have a bearing on the management of the company. More information: Code of conduct.