Arcos Dorados Holdings Inc. is a publicly traded foreign private issuer listed on the New York Stock Exchange.
The Company’s corporate governance practices are regulated by the New York Stock Exchange and the Company’s By-laws as well as the U.S. Securities and Exchange Commission (SEC), and British Virgin Islands law.
The Company has approved a Standards of Business Conduct designed to provide reasonable assurance that Company directors, officers and employees act in accordance with not only the letter but also the spirit of the laws and regulations that apply to our business and with the highest ethical standards of business conduct.
Our Board is currently comprised of nine members, including four directors that meet the standards for independence under the rules of the NYSE.
The SEC and NYSE require that corporations with shares listed on the exchange comply with certain corporate governance standards. As a foreign private issuer, we are only required to comply with certain SEC and NYSE rules relating to audit committees, certain SEC disclosure requirements and periodic certifications to the NYSE. The SEC also requires that we provide a summary of the significant differences between our corporate governance practices which can be found in our Annual Report (20-F) filed with the SEC.