Gerdau's relationship with shareholders is guided by
transparency, as reflected in the Group's governance
structure, which guarantees safe and consistent decisionmaking
and accessible communication channels
The Gerdau Group follows the strictest standards
of transparency in communicating with its more
than 113,000 shareholders. In all its investments,
the Group follows the principle of balancing growth
with profitability, working to achieve outstanding
gains for shareholders without sacrificing future
results. Its corporate governance structure also
ensures security and consistency in the decisionmaking
process, in line with the best global
management models.
Together with its shareholders and investors, the
Gerdau Group invests in a long-term relationship.
It maintains permanent communication channels
by arranging visits and conferences and presentations
in various financial markets around the world.
Furthermore, the Group has a website with specific
information for individual or professional investors.
Its three listed companies – Gerdau S.A., Metalúrgica
Gerdau S.A. and Gerdau Ameristeel Corporation –
have compensation policies that are clear and
consistent with market practice. The Gerdau S.A.
and Metalúrgica Gerdau S.A. bylaws establish the
quarterly payment of dividends and distribution of at
least 30% of the adjusted net profit, as opposed to
the 25% legally required in Brazil. Gerdau Ameristeel
Corp. follows the best practices in North America and
pays fixed dividends quarterly. These are sometimes
supplemented with special one-time dividends
depending on the company’s yearly results.
The Gerdau Group grants full tag along rights to
minority Gerdau S.A. and Metalúrgica Gerdau S.A.
shareholders. Thus, holders of common and preferred
shares receive 100% of the value paid to controlling
shareholders in the event of a company takeover.
Brazilian corporate law guarantees that minority
shareholders holding common shares must receive
80% of the value paid to controlling shareholders.
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