The Risk Management and Internal Controls Management monitors the main risks to which Oi is exposed to, according to the rules defined in the Risk Management Policy approved by senior management. The document establishes a methodology for the identification, assessment, treatment, monitoring and reporting of risks, which are segregated according to categories and subcategories for environmental, social and integrity aspects.

We also operate in accordance with the Treasury Policy, which includes the Investment, Hedge and Funding sessions. Its implementation ensures active and continuous management of liquidity, credit and market risks (including foreign exchange risk and interest rate risk), aiming to anticipate and, when necessary, protecting against unfavorable scenarios. We monitor the adherence of our financial transactions with the limits established by these documents and report data to the Company’s senior management and the Board of Directors.

Guidelines underlying the Risk Management Policy and Internal Controls

• Best Corporate Governance practices of the Brazilian Institute of Corporate Governance (IBGC);
• ABNT NBR ISO 31000:2009 – Risk Management – Principles and Guidelines;
• The Committee of Sponsoring Organizations of the Treadway Commission (COSO);
• ABNT NBR ISO 22301:2013 – Society Security – Business Continuity Management System;
• Instruction 586 of the Comissão de Valores Mobiliários; and
• Law 12.846/13 (anti-corruption) – for purposes of assessing corruption risks.