The Company relies on a risk management policy duly approved by the Annual Shareholders’ Meeting and available to all business agents. BrasilAgro’s Board of Executive Officers assesses the efficiency of policies and systems for risk management and internal controls, as well as the Integrity and Compliance Program and reports to the Board of Directors about such assessment, whenever required.
The efficiency of the Company’s controls is validated every year through tests that comply with the annual internal audit plan. If possible improvement opportunities are identified regarding these controls, the Company prepares an action plan, defining terms and responsibilities in order to ensure the mitigation of all related risks.
Use of training and circulation of newsletters to engage the Company’s employees and strengthen the Integrity and Compliance Program’s principles with the entire staff.
The Compliance Department’s main duty is to support the business areas with reviewing processes and implementing controls that ensure the compliance with laws, rules, regulations and internal and external procedures. The Company also relies on the Internal Audit department, which acts on the following areas: financial, information technology and investigation, in addition to continuously overseeing controls previously identified and implemented by the Compliance department. Information security is ensured through regular control and vulnerability tests in the technology systems and park that support them.
At the beginning of each fiscal year, BrasilAgro uses the risk matrix to define which areas will go through audit in said period. Risks are continuously monitored in order to verify initiatives and performance guidelines in its management and strategic planning that aim to mitigate possible impacts.
