The Company’s Bylaws establish the norms for acting in the capital markets, define the composition of the Board of Directors, the responsibilities of the directors and the election of members for ordinary and extraordinary general meetings. The document also establishes that auditing of accounting, inventory, balance sheet and other financial statements shall be performed by an external auditing firm.
The General Policy on Habituality is anchored in Law No. 18,046 concerning Public Limited Companies, which deals with Related Party Operations (OPR). Habitual Operations are considered acts and contracts of the Company with subsidiaries of which it holds over 95% of the shareholding control, with Minerva Foods S.A. or any other subsidiary of the Brazilian company. The main objective is that the transactions are carried out without prejudice to the obligations related to information provided in the legislation, bylaws and governance guidelines of the Company.

Furthermore, it does not tolerate any act related to bribery or corruption and rejects any initiative connected to any process to hide or legitimize illicit financial resources. The guideline is expressed in the Code of Ethics – Guide to Conduct and the Global Anti-Bribery and Anti-Corruption Policy.
The internal control system consists of the mapping of processes and risks inherent to operational activities and the management of third-party risks. The phases of the compliance processes are related to the identification of risks, definition of requirements, structuring of evaluation, implementation of processes and controls, generating evidence, adjustments and retesting.
The organizational structure includes several support areas responsible for improving internal controls, advising and strengthening decisions and the activities related to internal risk management. The Ethics and Integrity Committee, the Executive and Risk Committee discuss decisions and measures that will be adopted. The Compliance area is responsible for preparing, disclosing and updating procedures that establish guidelines about the subject and regular compliance with administrative processes.
The Internal Audit unit is responsible for checking internal controls and their effectiveness. The Legal area is responsible for the agreement of contractual processes, establishing specific anti-corruption clauses in commercial contracts and their legal applicability. Finally, the areas of Sustainability and Integrated Management System (IMS) are responsible for the Food Safety, Social Responsibility, Occupational Health and Safety and Environmental chain.
103-2: Anti-Corruption
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It is composed of seven directors elected at the General Assembly for a three-year term, with re-election permitted. If a vacancy is opened during the term, the Council may elect a temporary director until the first ordinary general assembly is held or the entire composition of the body is elected.
Directors meet monthly and may be convened for an extraordinary session by determination of the chairman of the body, if requested by any member, provided the chairman consents or when the demand comes from an absolute majority of the directors. 102-23
Currently, the Executive Board consists of two members, one Executive Director (CEO) and one Financial Director (CFO).
Finance Committee – Its mission is to assist the Board of Directors in monitoring and evaluating the effectiveness of the financial policies applied, in the fulfillment of its responsibilities, including the issuance of recommendations on risks and mitigation strategies, with the objective of conferring greater efficiency and quality to decisions.
Strategic Investment Committee – It supports the Board of Directors in the analysis and issuance of recommendations regarding the proposals of strategic and business.
It is also a member of several pacts and commitments, among which the following are noteworthy the following multi stakeholder projects: Forest Conservation Agriculture Alliance, Alianza para el Desarrollo Sostenible, which is a paraguayan multi stakeholder alliance that promotes the adoption of sustainability practices on the meat supply chain. This alliance is formed by the following agencies: United States Agency for International Development (USAID), International Finance Corporation (IFC), World Wildlife Fund (WWF), Wildlife Conservation Society (WCS), Asociación de Municipios de Chaco Central, Cooperativa Neuland and Minerva S/A.
- Recognition Award Verde: Special mention for the efficient waste management and cleaning activities on the banks of the Paraguay River and of the Arroyo MBuricao, as part of the Revive project.
- Exporter of the Year Award: recognized in Paraguay as one of the country’s largest exporters, in the category beef.
- Certificate of Energy Efficiency, granted to the unit in Canelones, Uruguay, by the Uruguayan government’s Ministry of Industry, Energy and Mining.
- BRC Food – Global Standard for Food Safety – The most stringent food production standard in Europe. Developed by the British Retail Consortium that sets quality and safety standards for food production.
- USDA Organic – U.S. Seal accredited by the U.S. Department of Agriculture (USDA), is designed to develop, maintain and expand access to products from various countries to the U.S. market.

- European Union Organic Logo – The objective of this seal is to make organic food and beverages recognizable, with a system of guarantees that are effectively understood by consumers.
- Professional Animal Auditor Certification Organization (PAACO) An institution that is internationally recognized, composed of five American organizations with experience in best practices and scientific knowledge in the meat industry. The certification confirms that the company has the best animal welfare practices and promotes the continuous improvement of its processes based on legislation such as the European Union Regulation 1909, the American Meat Institute (AMI) Protocol of the United States, and the European Union and Chilean Traceability Regulation.
- Hazard Analysis and Critical Control Point (HACCP) – ensures that all hazards considered significant in the production process are kept under control, ensuring the safety of the products marketed by the Company at all stages of the production chain.