Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on November 12, 2009, covering corporate governance updates as of November 10, 2009. The filing addresses changes to the composition of the company's Audit Committee following approval by the Brazilian Central Bank.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly informational regarding board composition and does not contain financial performance data.
Material Changes
- Audit Committee Appointment: Mr. Romulo Nagib Lasmar was approved to join the Audit Committee. He holds a law degree and has a long tenure at Banco Bradesco, having served in roles including Department Manager, Department Director at the General Secretariat, and Marketing Director of Bradesco.
- Audit Committee Departure: Mr. Mario da Silveira Teixeira Junior, a Board Member, left the Audit Committee after serving the maximum term of five years as mandated by Brazilian Monetary Council Resolution #3,198.
- Current Committee Composition: The committee is now led by Coordinator Helio Machado dos Reis, with members Jose Lucas Ferreira de Melo and Romulo Nagib Lasmar.
Guidance, Outlook, and Risks
The filing includes a standard forward-looking statements disclaimer. It notes that any statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, or capital expenditure plans are based on management's current estimates. The document explicitly states there is no guarantee that expected events or trends will occur, as results may differ materially due to risks and uncertainties in general economic and market conditions.
Key Facts for Investor Verification
- Verify the official appointment of Romulo Nagib Lasmar to the Audit Committee via Brazilian Central Bank records.
- Confirm the updated composition of the Audit Committee (Coordinator: Helio Machado dos Reis; Members: Jose Lucas Ferreira de Melo and Romulo Nagib Lasmar).
- Note that this filing contains no financial results; investors should refer to the company's Form 20-F or quarterly reports for financial metrics.