TIM(TIMB)2025-04-01 14:14Board Composition and Governance - The Board of Directors elected Mr. Nicandro Durante as the Chairman, with a term until the Ordinary General Meeting in 2027[9]. - The Board confirmed the composition of the Statutory Audit Committee, including independent members, with a term until the Ordinary General Meeting in 2027[12]. - The newly elected Directors will serve until the first meeting of the Board after the Ordinary General Meeting in 2027[20]. - The Board confirmed the appointment of the Secretary of the Board, Ms. Fabiane Reschke, until the first meeting after the Ordinary General Meeting in 2027[10]. - The Board established a new Environmental, Social & Governance Committee, with members serving until the Ordinary General Meeting in 2027[15]. - The Board established a Remuneration Committee with members serving until the Ordinary General Meeting in 2027[16]. Authority and Financial Operations - The Board ratified the authority limits for Directors, allowing the CEO to execute transactions up to R$50 million per operation[23]. - The Financial Director has the authority to engage in financial operations up to R$50 million per operation[23]. - The authority limits for other Directors are set at R$10 million per operation[23]. Legal and Compliance - The Board members declared no legal impediments to exercising commercial activities as per the applicable laws[21]. - The company confirmed that all statutory directors and/or attorneys can perform any acts and sign any documents on behalf of the company, provided they have been previously approved by the competent corporate bodies[27]. - Joint representation must be observed in cases of contracts for the sale of goods and services that generate revenue for the company[26]. Meeting Procedures - The meeting was concluded after the necessary time for drafting the summary of the minutes, which was read, found to be in accordance, approved, and signed by all participating council members[28].