Special Advisor for Corporate Reporting to the CEO
BNDES, Brazil

Vânia Maria da Costa Borgerth is an Special Advisor for Corporate Reporting to the CEO of BNDES since September 2011.  Before that, she has had many functions at BNDES: Head Accountant, Investor Relations Officer and Financial Analist.  Since 2007 is a member of the Brazilian Delegation at ISAR (United Nations’s Group of Specialists on Accounting Reporting), being appointed as the Brazilian Representative of the Consultative Advisory Group of IAASB (International Auditing and Assurance Standards Board) in 2010.
Currently represents Brazil in the Local Councils of GRI (Global Reporting Initiative) and IIRC (International Integrated Reporting Council).  Ms. Borgerth holds a Master degree in Administration and an MBA in Finance.