Since 1940, Lojas Americanas S.A. (B3: LAME3, LAME4) has been publicly traded, currently is listed on B3 – Brasil, Bolsa e Balcão in Level I of differentiated level of Corporate Governance.
For the Company to be listed on Level I in B3, it is necessary to meets some requirements, among which the following stand out:
- Trading of common and preffered shares;
- 100% Tag Along concession for ON and PN shares;
- Minimun of 25% of Free Float;
- Prohibition against accumulating the positions of Chairman of the Board of Directors and Chief Executive Officer;
In addition to complying with Level I requirements, the Company has adopted initiatives aimed at the best corporate governance practices. The Company also has the Audit Committee to advise the Board of Directors.
Americanas is managed by the Board of Directors, composed of a minimum of 3 (three) and a maximum of 10 (ten) members with a 2-year term, and the Executive Board, composed of a minimum of 2 and a maximum of 12 members with a 1-year term. The Annual General Meeting (AGO) is held annually, and when the shareholders’ opinion is necessary, the Extraordinary General Meeting (AGE) is called.