TOTVS

Investor Relations

Personnel and Compensation Committee

 

Compensation Committee / Personnel

Name Position
Claudia Elisa de Pinho Soares Committee Coordinator
Ms. Claudia Soares holds a degree in Business Administration from PUC-RJ (1991), MBA in General Management from INSEAD (1998) and an MBA in Human Resources from FIA (2008). Today she is board member at the Administration Department of the São Paulo Municipal Government (pro bono work), and board member and Executive Vice President at the NC Group. In the last 5 year, she acted as independent board member at Arezzo & Co, CEO at FNAC, Global Vice President - People, Management, Communication and Corporate Marketing at Votorantim Cimentos and Chief Financial and Investor Relations Officer at Via Varejo S.A., besides acting at Ambev for more than 15 years where she rose through the ranks from trainee to executive officer, working in different functional and business areas.
Flávio Balestrin de Paiva Committee Member
Mr. Balestrin is responsible for the areas of Marketing, Channels and Human Relations at TOTVS. He works for TOTVS for more than 15 years, starting his career as Director of Corporate Communications and Human Resources. In 2008 he became director of TOTVS 'Market Strategy and in 2013 he also assumed the company's Marketing Office for Brazil, Latin America and International Markets. At the beginning of 2014, he was also responsible for the Alliances and Partnerships area and in January 2016 he re-assumed the Human Relations area. Previously, he developed his career at Itaú-Unibanco and Accenture. Graduated in Business Administration from Fundação Getúlio Vargas and in Law from the University of São Paulo (USP), he has attended several executive training programs and specialization in Human Resources and Marketing at institutions such as FGV, IBMEC, Dom Cabral Foundation and Kellogg School of Management (USA).
Laércio José de Lucena Cosentino Committee Member
In the last 5 years, Mr. Cosentino acted as the TOTVS Chairman and TOTVS CEO. Previously, he was director of SIGA, between 1978 and 1983, and founded the TOTVS in 1983. Mr. Cosentino is the author of “Dbase II and III”, “Windows”, “Brazil is not Risk, it is Opportunity” and “Genoma Enterprise”. He is currently Member of the Deliberative Council of the Brazilian Association of Information and Communication Technology Companies (Brasscom), independent member of BMFBovespa Board of Directors and President of Endeavor and Mendelics Board of Directors. He is graduated in Electric Engineering by Escola Politécnica de Engenharia da Universidade de São Paulo.


The Personnel and Compensation Committee advises the Board of Directors in establishing the terms of compensation and other benefits for executive officers and board of directors. It suggests the Management compensation based on the software industry standards, monitors the remuneration process and informs the Board if the compensation is not in line with industry standards.

It is composed of four members - an external member, a member of the Board of Directors, the Chief Executive Officer and the Human Relations Officer. The members are elected for a 2-year term and the Committee meets whenever necessary.

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