Governance Structure

The Company’s Bylaws sets forth that capital stock can be increased to as many as 2,400,000,000 shares by decision of the Board of Directors.

Voting share capital composition on 12/31/2019 (in percentage)

* Controlling group

Our shares are traded on the São Paulo Stock Exchange (B3) and on the New York Stock Exchange (NYSE). Additionally, we are part of the British FTSE4Good Index Series, comprising companies acknowledged for their commitment to ESG (Environmental, Social and Governance) practices.

Board of Directors

The Board of Directors comprises up to eleven members. They meet on a regular basis on the dates established in the annual corporate calendar

Members of the Board of Directors as of December 08, 2020

Date of election: 04/26/2019
Date of investiture: 04/26/2019
Term of office: 2021 AGM (Annual General Meeting)

BENJAMIN
STEINBRUCH

Chairman of the
Board of Directors

YOSHIAKI
NAKANO

Member

ANTONIO BERNARDO
VIEIRA MAIA

Member

MIGUEL ETHEL
SOBRINHO

Member

FABIAM
FRANKLIN

Member

Audit Committee

CSN’s Audit Committee comprises three independent members, as set determined by the SEC (Securities and Exchange Commission) for companies listed on NYSE, as well as members of the Board of Directors, to serve a 2-year term of office, re-election being permitted.

Members of the Audit Committee as of December 08, 2020

Date of election: 05/03/2019
Date of investiture: 05/03/2019
Term of office: 2021 AGM (Annual General Meeting)

YOSHIAKI
NAKANO

Chairman of the Audit Committee

ANTONIO BERNARDO
VIEIRA MAIA

Member

MIGUEL ETHEL
SOBRINHO

Member

Fiscal Council

The Company’s Fiscal Council, acting on a non-permanent basis, was instated by the Annual General Meeting held on April 30, 2020 and is effective until the 2021 Annual General Meeting. The Fiscal Council approved its own Internal Rules on November 8, 2018, which are available on the CVM’s and CSN’s Investor Relations website.

Members of the Fiscal Council as of December 08, 2020

Date of election: 04/30/2020
Date of investiture: 04/30/2020
Term of office: 2021 AGM (Annual General Meeting)

VALMIR PEDRO ROSSI

Sitting member

ANDRÉ COJI

Sitting member

TUFI DAHER FILHO

Chairman of the Fiscal Council

MARIA APARECIDA
METANIAS HALLACK

Deputy member

BEATRIZ SANTOS
MARTINI

Deputy member

ANGELICA MARIA
DE QUEIROZ

Deputy member

Executive Board

The Executive Board has the power to manage and run CSN’s businesses in accordance with the policies and strategies defined by the Board of Directors. The Executive Board meets whenever called by the CEO or by two Executive Officers, and each Executive Officer is responsible for conducting operations related to his department. The Executive Officers serve a 2-year term of office, and reelection is permitted.

Executive Officers as of December 08, 2020

Date of election: 09/25/2019
Date of investiture: 09/25/2019
Term of office: 09/25/2021

BENJAMIN
STEINBRUCH

Chief Executive Officer

MARCELO CUNHA
RIBEIRO

Chief Financial Officer
and Investor
Relations Officer

DAVID MOISE
SALAMA

Diretor Executivo de Seguros e Crédito Patrimonial

LUIS FERNANDO
BARBOSA MARTINEZ

Diretor Executivo Comercial 

Compensation of governance bodies

The Company’s compensation practices are aligned to its short-, medium- and long-term interests through the Strategy Management Cycle, during which the goals are attained from strategic and budgeting planning, performance monitoring and results assessment, thus determining the performance-based compensation. Compensation is based on market studies carried out every two or three years by consulting companies specialized in compensation and is approved by the Board of Directors’ Chairman.