Board of Directors and Audit Committee

Board of Executive Officers

The Board of Executive Officers is responsible for the general conduct of CSN‘s business, in line with the strategies and policies established by the Board of Directors. The Board of Executive Officers meets whenever called by the CEO or by two Executive Officers. Each Officer is responsible for conducting the operations of their areas of operation. Officers are elected for a two-year term, re-election permitted. The Board of Executive Officers currently comprises five Officers, including the CEO, as follows:

Benjamin Steinbruch

Mr. Steinbruch has been a member of the Company‘s Board of Directors since April 23, 1993, and has simultaneously held the positions of Chairman since April 28, 1995 and CEO since April 30, 2002. He is also a member of the Administrative Board of the Portuguese Chamber, 1st Vice President of the São Paulo State Industry Federation - FIESP since September 2004, a member of FIESP‘s Superior Strategic Board, advisor to the Robert Simonsen Institute and a member of the Interinstitutional Advisory Board, or CCI, of the São Paulo State Appellate Court. In the last five years, he has also been Chairman of the Board of Directors and CEO of Vicunha Siderurgia S.A. and Nacional Minérios S.A., Vice Chairman of the Board of Directors of Textília S.A., Chairman of the Board of Directors of Vicunha Aços S.A., Vicunha S.A., Fibra Cia. Securitizadora de Créditos Financeiros and Fibra Cia. Securitizadora de Créditos Imobiliários, a member of the Board of Directors of Elizabeth S.A. - Indústria Têxtil, Vicunha Participações S.A. and Vicunha Steel S.A., an Executive Officer of Rio Purus Participações S.A. and Rio Iaco Participações S.A., as well as Fazenda Alvorada de Bragança Agro-Pastoril Ltda., Ibis Agrária Ltda., Ibis II Empreendimentos Ltda., Ibis Participações e Serviços Ltda. and Haras Phillipson Ltda. (all of which belonging to CSN‘s controlling group), Chairman of the Board of Directors of Transnordestina Logística S.A. and Nacional Minérios S.A. (both companies jointly controlled by CSN, Nacional Minérios S.A. having been wound up on December 31, 2015), Chairman of the Board of Directors of Companhia Metalúrgica Prada and FTL - Ferrovia Transnordestina Logística S.A. (both controlled by CSN), and Chairman of the Governing Board of the CSN Foundation. Mr. Steinbruch graduated from the Business School of the Getulio Vargas Foundation (FGV/SP), with specialization in Marketing and Finance from the same institution.

David Moise Salama

Mr. Salama has been an Executive Officer of CSN since August 2, 2011, being currently responsible for the insurance, credit and real estate areas. He has been with CSN since 2006, having previously occupied the position of Investor Relations Officer. He is currently an Executive Officer of Estanho de Rondônia S.A. and a member of the Board of Directors of Cia. Metalic Nordeste, Companhia Florestal do Brasil, Congonhas Minérios and Sepetiba Tecon S.A., and a member of the Governing Board of Caixa Beneficente dos Empregados da Companhia Siderúrgica Nacional - CBS. Prior to joining CSN, Mr. Salama was Controller and Financial Officer at Tecnisa Engenharia e Comércio, Birmann Comércio e Empreendimentos and Goldfarb Comércio e Construções, Head of Consolidated Financial Information at Unilever Brasil and a Senior Auditor at PWC. Mr. Salama graduated in Accounting and has an MBA in Finance, both from the Economics, Business and Accounting School of the University of São Paulo (FEA-USP). He complemented his academic education by completing the Oxford Advanced Management and Leadership Programme of the Saïd Business School at Oxford University, England, and the Harvard Law School’s Negotiation Program at Harvard University, USA.

Luis Fernando Barbosa Martinez

Mr. Martinez has been an Executive Officer of CSN since August 2, 2011, being currently responsible for the sales and logistics areas of the steel, cement and special sales segments. He has been with CSN since 2002, having occupied the positions of Commercial Officer and Board member of Nacional Minérios S.A. He is also President of the Brazilian Association of Steel Packaging - ABEAÇO and a member of the Board of Directors of the Brazilian Metallurgical, Materials and Mining Association - ABM. He is currently an Executive Officer at Cia. Metalic Nordeste, Congonhas Minérios S.A., Estanho de Rondônia S.A., Mineração Nacional S.A., CSN Energia S.A. and Stahlwerk Thüringen GmbH, a member of the Board of Directors of Congonhas Minérios S.A., Companhia Florestal do Brasil, Companhia Metalúrgica Prada (all companies controlled by CSN) and MRS Logística S.A. (jointly controlled by CSN), and a member of the Governing Board of Caixa Beneficente dos Empregados da Companhia Siderúrgica Nacional - CBS. Prior to joining CSN, Mr. Martinez was Commercial Officer at Alcan Alumínio do Brasil S.A., having worked in this company for 14 years in different areas (processing, quality, product/market development and sales). He was also an Executive Officer of the Brazilian Steel Construction Center - CBCA and of the Brazilian Metallic Construction Association - ABCEM. Mr. Martinez graduated in Metallurgical Engineering from the Mauá Technological Institute - IMT, has a post-graduate diploma in Industrial Management from the University of São Paulo’s Production Engineering School. He also completed the Corporate Management Development Program at Alcan Aluminum Limited, in Montreal, Canada.

Pedro Gutemberg Quariguasi Netto

Mr. Netto has been an Executive Officer of CSN since May 11, 2016, being responsible for the strategic business area. In recent years, was CEO of Vale Moçambique and Global Executive Officer of Carvão da Vale S.A. in Mozambique and Australia, respectively, between March 2014 and April 2016, and a partner and Sales and Marketing Officer for B&A Mineração, between May 2012 and September 2013. He holds a degree in Metallurgical Engineering from Universidade Federal Fluminense, a Master’s degree in Metallurgical Engineering from the Pontifical Catholic University of Rio de Janeiro (PUC/RJ), a Doctorate in Metallurgical Engineering from McGill University in Montreal, Canada, and Specialization in Finance, Corporate Strategy and Microeconomics from McKinsey & Company.

Marcelo Cunha Ribeiro

Mr. Ribeiro has been an Executive Director at the Company since September 29, 2017, being responsible for the treasury, controlling, tax and accounting departments. Prior to working at CSN, he was CFO of Grupo St. Marche, Finance and Investor Relations Vice President of Restoque Comércio e Confecções de Roupas S.A., CFO of Grupo SBF (GP Investimentos Ltd), Managing Director of the Private Equity division of GP Investimentos Ltd and CFO of San Antonio International Ltd. He was also a member of the Board of Directors of Hopi Hari S.A., Telemar Norte Leste S.A. (Oi S.A.), Contax Participações S.A., Estácio Participações S.A., Magnesita Refratários S.A., and BR Towers SPE1 S.A.. Mr. Ribeiro holds a bachelor’s degree in Production Engineering from Universidade de São Paulo and has an MBA degree from Harvard Business School.

Board of Directors

The Board of Directors is composed of up to eleven members, who meet ordinarily on the dates set out in the annual calendar approved by said Board and, extraordinarily, whenever necessary. The term of office of the Board members is one year, reelection permitted. Currently, the Board of Directors is composed of six members. The Board of Directors shall, among other things, define and monitor the Company‘s policies and strategies, oversee the activities of the Executive Board and decide on material matters regarding CSN‘s business and operations. It is responsible for the election and dismissal of the members of the Executive Board, and may also, if necessary, install special advisory committees.

CSN‘s Board of Directors is composed of 7 members, as follows:

José Eduardo de Lacerda Soares

Mr. Soares has been a member of the Boards of Directors of Vicunha Têxtil S.A., Elisabeth S.A. - Indústria Têxtil, Vicunha Participações S.A. and Vicunha Steel S.A. since March 2014. He has also been a managing partner at Arsenal Investimentos since 2002, having been responsible for the creation of the company’s corporate finance area and the investments of its private equity fund in Brazil (ALL, Coteminas, Dixie Toga, Globex, Método Engenharia, Rossi and TAM). He was a member of the Boards of Directors of TAM, Método Engenharia and Cromex S.A., as well as head of execution in the investment banking area of Banco Credit Suisse First Boston Garantia, having also worked at BNP Paribas and JP Morgan. He graduated in Business Administration from the Getulio Vargas Foundation and holds a graduate degree in Business Administration and Finance from The Wharton School - University of Pennsylvania.

Benjamin Steinbruch

Mr. Steinbruch has been a member of the Company‘s Board of Directors since April 23, 1993, and has simultaneously held the positions of Chairman since April 28, 1995 and CEO since April 30, 2002. He is also a member of the Administrative Board of the Portuguese Chamber, 1st Vice President of the São Paulo State Industry Federation - FIESP since September 2004, a member of FIESP‘s Superior Strategic Board, advisor to the Robert Simonsen Institute and a member of the Interinstitutional Advisory Board, or CCI, of the São Paulo State Appellate Court. In the last five years, he has also been Chairman of the Board of Directors and CEO of Vicunha Siderurgia S.A. and Nacional Minérios S.A., Vice Chairman of the Board of Directors of Textília S.A., Chairman of the Board of Directors of Vicunha Aços S.A., Vicunha S.A., Fibra Cia. Securitizadora de Créditos Financeiros and Fibra Cia. Securitizadora de Créditos Imobiliários, a member of the Board of Directors of Elizabeth S.A. - Indústria Têxtil, Vicunha Participações S.A. and Vicunha Steel S.A., an Executive Officer of Rio Purus Participações S.A. and Rio Iaco Participações S.A., as well as Fazenda Alvorada de Bragança Agro-Pastoril Ltda., Ibis Agrária Ltda., Ibis II Empreendimentos Ltda., Ibis Participações e Serviços Ltda. and Haras Phillipson Ltda. (all of which belonging to CSN‘s controlling group), Chairman of the Board of Directors of Transnordestina Logística S.A. and Nacional Minérios S.A. (both companies jointly controlled by CSN, Nacional Minérios S.A. having been wound up on December 31, 2015), Chairman of the Board of Directors of Companhia Metalúrgica Prada and FTL - Ferrovia Transnordestina Logística S.A. (both controlled by CSN), and Chairman of the Governing Board of the CSN Foundation. Mr. Steinbruch graduated from the Business School of the Getulio Vargas Foundation (FGV/SP), with specialization in Marketing and Finance from the same institution.

Fernando Perrone

Mr. Perrone has been a member of the Company‘s Board of Directors since September 26, 2002, and a member of the Audit Committee since June 24, 2005. He was CSN‘s Infrastructure and Energy Officer from July 10, 2002, to October 2, 2002. He is a member of the Board of Directors of Profarma - Distribuidora de Fármacos S.A., Chairman of the Board of Directors of João Fortes Engenharia S.A., Energia Sustentável S.A., Libra Aeroportos - Aeroporto de Cabo Frio and FTL - Ferrovia Transnordestina Logística S.A. (a CSN subsidiary, and an alternate member of the Board of Directors of Transnordestina Logística S.A. (jointly controlled by CSN). He is also an independent consultant in the infrastructure area. Mr. Perrone graduated in Business Administration as part of a program sponsored by "Chimica" Bayer S.A., holds a Law degree from Universidade Federal Fluminense (UFF/RJ) and has a post-graduate degree in Economics in the Capital Markets area from the Getulio Vargas Foundation (FGV/SP).

Yoshiaki Nakano

Mr. Nakano has been a member of the Company‘s Board of Directors since April 29, 2004, and a member of the Audit Committee since June 24, 2005. He is also a member of the Board of Directors of Transnordestina Logística S.A. (jointly controlled by CSN). In the last five 5 years, Mr. Nakano has been a Professor of Economics and an Officer at the Getulio Vargas Foundation (FGV/SP), a member of the Superior Economic Council (COSEC) of FIESP/Roberto Simonsen Institute and a member of the Board of Directors of the São Paulo State Research Support Foundation - FAPESP until 2015. Previously, Mr. Nakano was Special Secretary for Economic Affairs at the Ministry of Finance and São Paulo State Finance Secretary. He graduated in Business Administration from the Getulio Vargas Foundation and has an MBA and a Ph.D. from Cornell University, in the USA.

Antonio Bernardo Vieira Maia

Mr. Maia has been a member of the Company’s Board of Directors since April 30, 2013, a member of the Finance Committee since October 7, 2014, and a member of the Audit Committee since August 8, 2013, serving as Chairman of the Audit Committee since May 6, 2014. He has also been CEO of BRG Capital Ltda. since July, 2005 and a member of the Board of Directors of Transnordestina Logística S.A. (jointly controlled by CSN) and of FTL - Ferrovia Transnordestina Logística S.A. (controlled by CSN). From April 1995 to May 2005, he was an Executive Officer at Credit Suisse/Banco Garantia de Investimentos S.A. He began his career as a trainee with Citibank Brazil in 1982 and moved to New York in 1986, where he first worked as an Institutional Investment Analyst for Citigroup in Latin America, subsequently becoming an Executive Officer of Citibank New York. Prior to that, he was an associate of Banco Bozano Simonsen de Investimentos from August 1979 to December 1981 and a member of the Board of Directors of Banque Bénédict Hentsch & Cie S.A., in Geneva, Switzerland, from April to December 2006. He graduated in 1981 in Business and Public Administration from the Getulio Vargas Foundation.

Léo Steinbruch

Mr. Steinbruch has been a member of the Company’s Board of Directors since April 28, 2015, having been elected Vice-Chairman of the Board of Directors on May 11, 2016. He is a member of the Board of Directors of Elizabeth S.A. Indústria Têxtil, Vicunha Aços S.A., Vicunha Participações S.A., Vicunha Steel S.A. and Textília S.A., and an Executive Officer at CFL Participações S.A., Taquari Participações S.A., and Fazenda Santa Otília Agropecuária Ltda. (all of which belonging to CSN‘s controlling group).

Fabiam Franklin

Mr. Franklin has been a member of the Company’s Board of Directors since April 28, 2016. He has been Chairman of the Advisory Board of CSN Invest Fundo de Investimento em Ações since April 4, 2016, a member of the Board of Directors of ABM (Brazilian Metallurgical, Materials and Mining Association) since April 2015, the Coordinator of CSN’s Financial Education Program since 2008, and the Company’s Blast Furnace General Manager since November 2002. Mr. Franklin has a degree in Metallurgical Engineering from Universidade Federal Fluminense, with specialization in Reduction Metallurgy from McMaster University in Ontario, Canada, and an MBA from the Dom Cabral Foundation.

Audit Committee

The Audit Committee has the autonomy to make decisions in relation to the provisions of the Sarbanes-Oxley Act - Sections 301 and 407. Some of its main responsibilities are to evaluate, consider and recommend to the Board of Directors the appointment, compensation and hiring of an external auditor, as well as monitor the performance of internal and external audits. Regarding the hiring of external auditors, procedures to ensure that there are no conflicts of interest, dependence or objectivity loss within the auditor‘s relationship with the Company are adopted.