The People Committee must have at least three members, all of them also members of the board of directors and elected by such board, and at least one of them shall have prior experience with management of human resources and in the performance of duties related to the establishment of policies of compensation, corporate goals, and recruiting and retaining personnel. The current members of the People Committee took office on August 10, 2017 and consist of three members: Messrs. Rodolpho Amboss, as committee coordinator, Mario Mello Freire Neto and Mauricio Luis Luchetti.This Committee, amongst other things, analyzes and makes recommendations to the board members as to its compensation policies and forms of compensation provided to the Company’s officers and other employees, also takes into account and periodically reports issues referring to the size, identification, selection and qualification of the board of directors, officers and candidates nominated for the board of directors and its committees, liable for overseeing the compliance with the corporate governance principles applicable to the Company pursuant to the Company’s Bylaws and other policies, as well as the proposal for improvements and alterations to these applicable principles.