The Executive Board and the Board of Directors are fully committed to take the necessary actions to reach the targeted result. The pledge involves focus on cost reduction, budget execution, efficiency indices, internal audits and a constant concentration on client services, counting on the dedication of the staff and the quality of investor relations. The bank in 2004 created the Auditing Committee, led by a Board member and two external members, in charge of following the work of the independent auditors and the internal auditors and overseeing the quality of internal controls and financial statements.

The Executives and the Board realize that Unibanco must continuously adapt its position to the competitive environment, assessing performance vis-à-vis that of its best competitors, aware of the best market practices and pursuing excellence in the analysis of the multiple risks involved in banking. Executives and board also fully realize the degree to which the bank's activity is affected by the prospects of the Brazilian economy, in its turn strongly influenced by the wider context of the international economy.

>The Board of Directors of Unibanco Holdings may be composed by not less than five and not more than eleven members. Currently it is composed by 7 members, elected every year by the General Shareholders' Meeting. These members can be reelected.

Please click here for more information on Unibanco Holdings' Board of Directors' members.