PREVI :: Annual Report 2008

from the Executive Board from the Deliberative Body from the Audit Committee from Plano 1's Consultative Council from PREVI Futuro's Consultative Council

PREVI: Who we are, Mission, Vision, Values Composition of the Management

Investments Governance Management Social Security

Socioenvironmental responsibility Customer Service Risk Planning & Management

Benefit Plan 1 PREVI Futuro Benefit Plan CAPEC

Balance Sheet Result Statement Financial Flow Demonstration Asset and Result Statement - Benefit Plan 1 Asset and Result Statement - PREVI Futuro Benefit Plan Asset and Result Statement - Capec Benefit Plan

Independent Auditors Audit Committee Deliberative Body

Home :: Messages : Message from the Advisory Board for Plan 1

Message from the Advisory Board for Plan 1

PB 1 - Caution and Trust

The members of the Benefit Plan 1’s Advisory Board are aware of the fact that they are performing in an administrative agency that introduces important changes to corporate governance, by committing to understand PREVI’S work specifically, in its several areas, seeking to provide the most appropriate treatment to the segment they represent.

For some time, PREVI has been facing the challenge of producing a multicolored vision of its two plans, PB1 and PREVI Futuro Plan, in pursuit of working on each if their characteristics better. It is with this strategic goal in mind that there are the advisory boards, which became legitimate and materialized in the search for this objective of collaborating to produce the best scenario for the members of each plan.

In 2008, with several new councilors, elected by the members or appointed by the sponsor in the first half of the year, we advanced in our goals. Among so many other themes, we were able to opine on the block of discussions which included surplus distribution – which, unfortunately, could not be materialized – and we were in charge of assessing the extent of the perverse nature of the crisis that brought so much havoc to the world and to Brazil.

It was in this crisis scenario that we opted to trail a path of absolute caution in PREVI’S administration, even if this led to disappointments. In a long-term view, we have to consider that this is the measure that best adjusts to everyone’s interests, since we are fully confident in the preservation of our retirements and pensions so we can live our golden, senior years well.

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