One of the main challenges is to develop a corporate governance model throughout an entrepreneurial and result-oriented management. The one-way process has begun in 1970 following the company´s IPO in the local stock exchange, BOVESPA. In order to move forward, the Company has lately focused not only on its operating results but also on its business structure´s growth.
Aiming to further develop its relationship with investors and maintain its transparency positioning with the capital markets, the Company participates in all national conferences in which it is invited to attend. Additionally, the Company also provides guided tours to its production facilities, the Midway Mall, the Riachuelo Theater, and countless visits to stores. During every quarter, conference calls are held to discuss the reported results, always with the presence of its key executives. Investors can also have access to results through quarterly presentations and earnings releases that are elaborated by management. The investor relations team is always available to respond to requests, either by individual meetings, calls or e-mails.
In recognition of the high-quality of the financial information disclosed to the market, the Guararapes Group received the Transparency Trophy Award for the third consecutive year in 2016 and was elected the best company in its category. Granted by the National Association of Financial, Managerial and Accounting Executives (Anefac), in association with the Accounting, Actuarial, and Financial Research Institute Foundation (FIPECAFI) and Serasa Experian, the 20th Transparency Awards recognized best financial statements in the market.