Compliance with NYSE Standards

Comparison between the New York Stock Exchange’s Listing Rules and CSN‘s Corporate Governance Practice

In accordance with new corporate governance rules for foreign listed companies established by the New York Stock Exchange (“NYSE”), CSN must disclose any significant levels in which its corporate governance practices differ from those followed by U.S. companies under NYSE listing standards. The following is a summary of those differences.

Independent Board Members
Executive Sessions
Nominating/Corporate Governance Committee
Compensation Committee
Audit Committee
Shareholder Approval of Equity Compensation Plans
Corporate Governance Guidelines
Code of Conduct and Business Ethics
Certification Requirements