PREVI :: Relatório Anual 2009

from the Executive Board from the Deliberative Body from the Audit Committee from Plano 1's Consultative Council from PREVI Futuro's Consultative Council

PREVI: About Us, Number of members Mission Statement, Vision, Values Organizational Structure

Investments Governance Social Security

PGA Customer Service Social-Environmental Responsibility People And Processes Risk Planning And Management

Benefit Plan 1 Benefit Plan Previ Futuro Capec plan PGA Risk Assessment Criteria General SER Guidelines

Statement of Financial Position Result Statement Financial Flow Demonstration Asset And Result Statement - Benefit Plan 1 Asset And Result Statement - Benefít Plan PREVI Futuro Asset And Result Statement - Capec Benefit Plan

Independent auditors Audit Committee Deliberative Body

Home >> Messages >> Message from the Audit Committee

Message from the Audit Committee

2009 is another one of those years that will forever mark PREVI history. Well beyond the recovery of the Plan 1 surplus, which was strongly affected last year by a severe global financial crisis, the result clearly demonstrated that the PREVI administration, represented by all the collegiate bodies, made appropriate decisions, considering a scenario that even the most optimistic forecasts pointed towards a modest recovery of the 2008 losses.

In addition to the steady increase in assets, which reached about R$ 1.7 billion in 2009, Plan PREVI Futuro adopted several measures - such as the Investment Profile Program – that revealed the administration’s concern with the solidity and future of Plan, which contains the majority (about 52 thousand) of the active Banco do Brasil employees. The reflection of the decisions regarding PREVI Futuro can be observed in the increasing percentage of plan subscription.

The Audit Committee has remained vigilant and faithfully followed, throughout the year, management actions, numbers, investments, in sum, the big decisions affecting both Plan 1 and Plan PREVI Futuro. Accordingly, we believe that the actions of the Audit Committee have been critical to the improvement and consolidation of PREVI’s governance and management mechanisms, reflecting improvements in the entity’s internal control system and, consequently, in the safety of associates’ pension plans.

The coming years will present significant new challenges. Important issues, such as surplus allocation, will be on the agenda of PREVI administrators and will therefore deserve special attention from the Audit Committee in its role to oversee management decisions.

Another relevant issue refers to monitoring the implementation of the Framework Plan of Plan 1, in view of the publication on September 24th of the Decree CMN 3,792, which provides guidelines on the use of funds administered by EFPCs and imposes limits on previously inexistent application segments, and expansion of investments in equities. The deadline for PREVI’s compliance of the framework plan was extended to 2014.

Reaffirming our commitment to continue independently representing constant surveillance over the acts and facts of interest to consider, especially to members, we invite you to read this report.

Previous |

Top