Exhibit 99.1
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SUZANO S.A.
Publicly Held Company
CNPJ/ME No. 16.404.287/0001-55
NIRE No. 29.300.016.331
EXTRACT OF THE MINUTES OF THE BOARD OF DIRECTORS ORDINARY MEETING HELD ON NOVEMBER 30, 2023
7. | Presentation, discussions on the agenda, and resolutions: |
“7.9 The Directors, with the affirmative opinion from the Management and Finance Committee, unanimously and without reservations, approved the proposal of the formalization of the Clawback Specific Policy, as attached. Once the approval was completed, they moved on to the next item on the agenda.
(Continuation of the Extract of the Minutes of the Board of Directors’ Ordinary Meeting of Suzano S.A., held on October 26, 2023 at 1:00 p.m.)
7.10 The Directors, with the affirmative opinion from the Management and Finance Committee and from the Statutory Audit Committee, unanimously and without reservations, approved the proposal to the amendment of the Related Party Policy, as attached. Once the approval was completed, they moved on to the next item on the agenda.
7.11 The Directors, with the affirmative opinion from the Management and Finance Committee and from the Statutory Audit Committee, unanimously and without reservations, approved the proposal to the amendment of the Ant-Corruption Policy, as attached. Once the approval was completed, they moved on to the next item on the agenda.
7.13 The Directors, with the affirmative opinion from the Management and Finance Committee, unanimously and without reservations, approved the proposal to the amendment of the Company’s Derivatives Management Policy, Indebtedness Policy, Cash Management Policy and Counterparty and Issuer Risk Policy, all according to the material provided. Finally, the Board of Directors authorized and delegated powers to the Executive Board of the Company to carry out all related, correlated, and/or complementary acts that may be necessary and/or convenient for the implementation of the resolution provided in this item. Once the approval was completed, they moved on to the next item on the agenda.”
I certify that this is an extract of the minutes of the Board of Directors Ordinary Meeting of Suzano S.A. held on the date hereof, and the foregoing resolutions reflect the decisions passed by the Board of Directors.
São Paulo, SP, November 30, 2023.
Marcos Moreno Chagas Assumpção
Secretary
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