Message from the Departmental Boards
Audit Committee
Being one of the most important agents in Brazil1's economy, PREVI has been stimulating and promoting the best rules of corporative management in its affiliates and subsidiaries as well as in its own administration in order to guarantee the full attainment of its objectives.
The work of the Audit Committee performed independently and directed towards the utmost respect for the legislation and the protection of the soundness of the Plans under PREVI's administration, of the rights of the participants, beneficiaries and sponsors, is a clear demonstration of our commitment to the best practices, which, by the way, has been the policy in all the social organs of this Entity.
The successive surpluses in the last few years and the results obtained in 2007, place PREVI among the world's largest pension funds, confirm its soundness and its capacity to meet its commitments, as well as allow us to believe that, maintaining the present actuarial conditions, new alternatives might be considered and adopted to invest a portion of the reserves accumulated under the Benefit Plan n° 1.
Feeling satisfied with past year's achievements, we invite you all to read this Report.