SuStainability report - SocialFunds.com

Sustainability Report 2008BNDES onlendingMicro, small and medium-sized companiesYearNumber ofoperationsR$ thousand % Ranking2006 21,016 2,252,142 21.12% 1 st2007 30,009 2,919,653 18.74% 1 st2008 46,245 4,068,673 19.71% 1 stRelationship with regulatory/inspection authorities and entitiesOur companies are subject to inspection by severalauthorities, such as the Brazilian Central Bank, NationalSupplementary Health Agency (ANS), the Private InsuranceSuperintendency (Susep) and the Brazilian Securities andExchange Commission (CVM). Representatives of Bradescoand the Insurance Group participate in public hearings,some of which are on-site, conducted by regulatoryauthorities, with the purpose of clarifying new regulationsor even giving suggestions for the preparation of rulesand indexes. The Bank is also represented in associations(such as federations of industries) and other domestic andinternational bodies.In 2008, a fine levied by CVM was paid in the amount ofR$ 32,013.22, due to the failure to comply with InvestmentFund-related rules (CVM Rules 302/99 and 6,385/76). BradescoSeguros e Previdência paid during the same period a total ofR$ 1,147,145.90, related to the fines levied by Susep and ANS.The Bank also paid fines levied by Federal Police amounting toR$ 476,440.34, due to issues related to failures in security devices.Goals and Objectives of 2008Review the Corporate Code of Ethicsand the Sector Codes of Ethics.Update the policies called Know yourCustomer and Know your Employee.Codes were fully reviewed, and are noware called the Code of Ethical Conduct ofthe Bradesco Organization and the SectorCode of Ethical Conduct of Accounting andFinancial Management Areas. In 2008, theSector Code of Ethical Conduct of PurchasingProfessionals was also published.These policies were updated and now alsocover themes such as corruption, moneylaundering and terrorism financing.Status•Achieved•Achieved62