Created as a result of the 2006 statutory reform, in accordance with the Complementary Pension Management Council's Resolution that deals with the creation of 'governance instances' by benefit plan, this Board's objective is to take care of the interests of the Plan 1 participants, who total almost 125 thousand and represent 99% of PREVI's assets.

As this Board is linked to a mature plan, closed since 1997 and with resources that exceed 105 billion reais, our responsibility is even greater. In addition to reinforcing PREVI's democratic management aspect, to emphasizing even more a careful and permanent supervision of the managerial acts, without interfering in the mission of the other Pension Fund bodies, this Board seeks to identify the legitimate interests of the Plan 1 participants so as to bring them to debate inside the Institution.

So being, aware of the possibility of the existence of distortions that penalize certain groups of the plan - a result many times brought on by phenomena occurring outside PREVI's scope - this Board strives, within the limits of its competence, to make the distribution of the benefits in a more balanced manner, jointly and severally, respecting all the cares in relation to PREVI's solidness and future.

In 2006, in addition to the inaugural ceremony, we held two of our quarterly meetings. We hope that by the end of our mandates, this Board will have fulfilled its role and justified its existence.