In assembly, Castrolanda approves proposal to distribute surpluses of R$ 46,5 million

The event is part of the Cooperative's transparency actions and serves to provide and approve accounts for the year 2021

18.02.2022 | 16:44 (UTC -3)
Castrolanda Communication
Executive Director of Castrolanda, Seung Lee presented the 2022 Annual Activity Plan to the cooperative members. - Photo: Disclosure
Executive Director of Castrolanda, Seung Lee presented the 2022 Annual Activity Plan to the cooperative members. - Photo: Disclosure

Castrolanda cooperative members gathered to hold the Ordinary General Assembly (AGO) for the year 2021. The event is part of the Cooperative's transparency actions and serves to provide and approve the accounts for the year 2021.

At the meeting, cooperative members approved the proposal to distribute the leftovers from the previous year of R$46,5 million. As in every year, the value returns to the member according to participation in the business areas throughout 2021.

The balance sheet and the statement of surpluses and losses were presented by Castrolanda's Accounting Manager, Junior Zub. At the meeting, Zub was available to members to answer questions regarding the year's finances. Subsequently, the external audit presented its positive opinion on the financial statements.

The balance sheet approval procedures continued with the opinion of the Supervisory Board – presented by the Board Coordinator, João Galvão Prestes – until it was approved by the members. Next, Castrolanda's Controller, Pedro Dekkers, presented in detail the proposal for the allocation of surpluses and losses determined on December 31, 2021, also approved by those present.

Annual Activity Plan

The second stage of the Assembly highlighted the Cooperative's prospects for 2022. Executive Director of Castrolanda, Seung Lee presented the Annual Activity Plan to the cooperative members, highlighting actions to strengthen Castrolanda amid the inconsistencies of the current market.

Members also learned about the new Castrolanda Management Model (MGC), which should help the Cooperative in the process of operational efficiency and, in the first half of the year, will operate in a pilot format in some specific areas.

Election of the Fiscal Council

Castrolanda also elected new members of the Cooperative's Supervisory Board. The vote was conducted by the Coordinator of the Electoral Commission, Frederik de Jager. President of Castrolanda, Willem Berend Bouwman took the moment to thank the advisors from the previous administration and also the representatives of the sectoral committees.

After the process, the members elected Eduardo Medeiros Gomes, João Galvão Prestes, Sandro Aurélio Hey, Charles Hendrik Salomons, Pablo Bruno Borg and Carlos Shigueo Arie as new members of the Supervisory Board.

Code of conduct

Also during the AGM, Castrolanda presented the new Code of Conduct to its members. The document serves as a basis for the Cooperative's values ​​and ethical concepts and was prepared by the Compliance sector. The reformulation brings a more didactic and summarized text, with the aim of serving as a quick guide, with basic information and additional options, if the Castrolanda associate, collaborator or partner wants to deepen their knowledge on a certain subject.

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