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In a letter to Vale's board of directors, ten critical shareholders of the company alleged a breach of investor confidence and losses suffered by the company, which called for the immediate resignation of the board of directors , who would be responsible for breaking the Brumadinho mining dam. , an accident that killed more than 300 people. They believe that with the removal of directors, investigations could follow with a greater exemption.
"It is obvious that the retention of executive directors in their duties, every pbading day, opens a full inquiry into the facts, to the extent that these people will tend to avoid as much as the responsibility for tragedy rests on themselves, "they said in a letter to the board of directors broadcast at a press conference in Brumadinho by the International Joint Vale Affected Group, which directs the movement of Critical shareholders in the mining company since 2010.
Read more: Shareholders accuse Vale of manipulating the market
Shareholders used in the letter the articles of the company to impose an attitude of the board of directors , recalling that it was incumbent upon the board of directors to protect the capital and maximize, in the long term, the return on investment of its shareholders.
"It is urgent that this C the Board of Directors to take firm and energetic measures to ensure the free investigation of any suspicion and prevent further tragedies, as well as to perpetuate the damage to the reputation of the society, threatening the viability of its activities in Brazil and in the different countries in which it operates, "they explain in the letter. "The immediate dismissal of these people will be a first effective signal given by the board of directors of the company, not only to shareholders, but also to the world, in the sense that they will regain their credibility and commitment to the truth. to those who will hurt themselves, "they added.
Another letter was sent to Vale's Tax Council, in which shareholders request the convening of an extraordinary general meeting to provide shareholders with detailed information.
Source: Estadão Content
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