Governance

Nitro Quimica is a Brazilian-owned, privately held company

Nitro Quimica has been held by Faro Capital Group, an investor-owned holding company, since 2011. Our highest decision-making body is our Board of Directors, comprising five members including shareholders and independent directors. Our annual financial statements are audited by internationally recognized auditors.

The CEO, our highest executive position, reports directly to the Board of Directors and is reported to by four officers and four managers.

A Financial committee meets regularly with top management and majority shareholders to discuss matters of interest to Nitro Quimica.

Two other committees operate under our senior leadership: a Safety committee and an Innovation committee. The Safety Committee has nine subcommittees (learn more about the subcommittees on page 35). The Innovation Committee was implemented at year-end 2015 and reports directly to the Marketing, New Business and Innovation Director. It gained greater strategic importance in 2017 with its mission of developing a culture of innovation within the Company and building our product pipeline.

Ethics as a principle

Nitro Quimica issued a Code of Business Conduct in 2012, providing guidance on the ethical and business conduct expected of employees. The Code explains the Company’s approach to dealings with all stakeholders, including communities, government and the media.