Policies

The People Management Policy defines how we undertake initiatives and make investments related to our staff development. The document aims to ensure that leaders can manage and lead their teams to achieve the proposed strategic goals, valuing people who take on challenges and produce high-performance results.

The Risk Management Policies of the Company and its subsidiaries are established to identify and analyze the risks to which the Company and its subsidiaries are exposed, as well as to set appropriate control and risk limits and monitor risks and compliance with these limits. The risk management policies and systems are reviewed on a regular basis to reflect changes based on market conditions and the operations of the Company and its subsidiaries. Through management and training procedures and standards, the Company and its subsidiaries seek to maintain a disciplined and controlled environment in which all employees are aware of their functions and duties.

Zilor also has a dividend payment statutory policy, which was unanimously approved by shareholders, based on the net debt to EBITDA ratio.

 

Net Debt/EBITDA ratio	Value	Policy
Equal to or greater than	2.5x	0.01% of net income for the fiscal year
Between	2.0x – 2.5x	25% of net income for the fiscal year
Lower than	2x	Up to 100% of net income for the fiscal year