XP Announces Corporate Governance Changes to Support its Next Chapter of Growth - Seite 3

The Board’s Audit Committee will be comprised entirely of Independent Directors, which will be Oscar Rodriguez Herrero, José Acar and João Teixeira.

The existing Compensation Committee will be renamed to the Compensation, People, Nominating and Governance Committee, and its scope will expand to include broader oversight of talent management. The members will be Melissa Werneck, Guilherme Benchimol and Gabriel Leal.

Benchimol added, “Our new committee structure reflects the needs of our Company today and in the future as a dynamic and growing financial services organization serving a wide range of customers with approximately 6,700 employees. The changes to our board, fresh talent and new committees announced today are an important milestone in XP’s growth story that signify our bright future ahead and represent ongoing efforts to respond to shareholder feedback.”

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

• Educating new classes of investors;
• Democratizing access to a wider range of financial services;
• Developing new financial products and technology applications to empower clients; and
• Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," “aim,” "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control. XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240426974752/en/

The XP Incorporation Registered (A) Stock at the time of publication of the news with a raise of +2,08 % to 19,55EUR on Tradegate stock exchange (26. April 2024, 10:21 Uhr).