GOL Announces Disclosure Best Practices.SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil -- GOL GOL - General Operating Language. Subsystem of DOCUS. [Sammet 1969, p.678]. Linhas Aereas Inteligentes (Bovespa:GOLL4) (NYSE NYSE See: New York Stock Exchange :GOL), Brazil's low-fare, low-cost airline, is committed to disclosure best practices in its regular communication process with the public markets. Since its initial listing in June 2004 on the Bovespa and the NYSE, GOL has built its Investor Relations Investor relations The process by which the corporation communicates with its investors. (IR) program around three core principles: transparency, equal access to information, and equality of treatment The context of Equality of treatment is usually in interpersonal relations, especially in the relation of the individual to an organization (usually government). All persons are treated the same by the person or organization of interest. No two people are treated differently. . Highlighted among the Company's fair disclosure policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are several initiatives: --Disclosure Policy Manual. Prior to going public, GOL's Board of Directors approved a Disclosure Policy and Procedures Manual which follows CVM Regulation 358 (related to disclosure and use of information about relevant acts or facts), SEC Regulation Fair Disclosure The U.S. Securities and Exchange Commission's (SEC's) Regulation Fair Disclosure, also commonly referred to as Regulation FD or Reg FD was an SEC ruling implemented in October 2000 ([1]). (Reg FD), and Mandated Edgar Filing for Foreign Issuers Rule. GOL's Disclosure Policy Manual is available on its IR website. --Multi-lingual IR Website. GOL continuously updates its IR website, which has been recognized as one of the Top 10 IR websites in Brazil. At www.voegol.com.br, investors and analysts can find a wealth of information, including financial statements, press and earnings releases, stock quotes, analyst coverage and recommendations, and market earnings estimates. Information is made available in both Portuguese and English language English language, member of the West Germanic group of the Germanic subfamily of the Indo-European family of languages (see Germanic languages). Spoken by about 470 million people throughout the world, English is the official language of about 45 nations. versions of the site. --Global Webcasts. GOL's quarterly earnings announcements are webcast live to investors, analysts and the press once per quarter. Presentations at investor conferences are webcast live on the Internet and made available on the Company's IR website. Local market public meetings with analysts and investors -- Apimec events -- are broadcast live in Portuguese with a simultaneous English translation. --Quarterly Financial Statements in BRGAAP and USGAAP USGAAP United States Generally Accepted Accounting Principles . In addition to quarterly limited reviews, annual audits and full disclosure of its financial statements in Brazilian GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). , GOL also provides quarterly limited reviews and annual audits of its financial statements in USGAAP. Both BRGAAP and USGAAP financial reports are disclosed to the market simultaneously each quarter. --Earnings Guidance. GOL is one of the few companies in Latin America that provides guidance for the current year's results. Guidance reduces earnings volatility and allows the Company to more freely discuss industry trends and expectations in line with Reg FD. --Disclosure Committee. With the creation of its Disclosure Committee in 2005, GOL will be compliant with Section 302 of the Sarbanes Oxley Act of 2002. GOL's disclosure standards follow the guidelines of Exemplary Disclosure process. As a result, GOL ensures consistency and ongoing improvement of its information disclosure controls and performance, as it improves market perception of its commitment to corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and compliance with the basic principles of disclosure best practices. GOL plans to continue to invest in its disclosure best practices and IR activities built on the three core principles: transparency, equal access to information, and equality of treatment. About GOL Linhas Aereas Inteligentes GOL Linhas Aereas Inteligentes, a "low-cost, low-fare" airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL has a simplified fleet of Boeing 737s with a single-class of service. GOL has one of the youngest and most modern fleets in the industry with low maintenance, fuel and training costs, and high aircraft utilization and efficiency ratios. In addition, safe and reliable services, which stimulate GOL's brand recognition and customer satisfaction, allow GOL to have the best cost-benefit service in the market. GOL currently offers service to 39 major business and travel destinations in Brazil and Argentina. In 2005, GOL plans to grow by increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. For more information, schedules and fares, please visit www.voegol.com.br or call 0300-789-2121 in Brazil, or 55-11-2125-3200 from outside Brazil. GOL: Here everyone can fly! |
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