GPA tries to ensure agile and symmetrical disclosure, a commitment to the capital markets, and respect for shareholders and investors.
The Group complies with all rules for publicly held companies, such as the adoption of national accounting standards and maintaining its registration as a publicly held company with the Brazilian Securities Commission (Comissão de Valores Mobiliários – CVM). Outside Brazil, it follows the determinations of the United States Securities and Exchange Commission and the New York Stock Exchange for foreign companies listed in the United States.
On March 2020, GPA conclude the migration process of its shares into “Novo Mercado”, a B3 (Brasil, Bolsa, Balcão) segment composed of companies thay have the highest level of corporate governance in Brazil. With this migration, GPA’s capital stock traded on the stock exchange market is now composed of common shares (ON), only.
GPA’s model of corporate governance is aligned with the Novo Mercado as the Board of Directors and the Board of Executive Officers have defined and fundamental responsibilities for the proper conduct of the businesses.