TAM Named One of the Best in Brazil for Corporate Governance
April 03 2008 - 1:00PM
PR Newswire (US)
SAO PAULO, Brazil, April 3, 2008 /PRNEWSWIRE-FirstCall/ -- TAM
(Bovespa: TAMM4 and NYSE: TAM) has just been recognized by Investor
Relations Global Ranking 2008 (IRGR) as one of the five best
companies in Brazil in the area of Corporate Governance, and was
the only airline to receive this distinction. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) "This
recognition underscores the company's commitment to transparency in
its relations with investors and shareholders," says Libano
Barroso, vice-president for Finance and Management and director of
Investor Relations. The award, which reflects best practices in
management and dissemination of information to investors, was
created in 1999 by MZ Consult, a financial communications and
investor relations consultancy. In the 10th edition of the award,
160 companies from all over the world competed in five categories:
investor relations website, financial disclosure, corporate
governance, online reporting and highest vote by popular choice,
the last two categories nominated by representatives of the
financial market. TAM was also named one of the top five Brazilian
companies for best investor relations website
(http://www.tam.com.br/ir) by the technical committee. Investor
Relations: Phone: (55) (11) 5582-9715 Fax: (55) (11) 5582-8149
http://www.tam.com.br/ir Press Agency: Phone: (55) (11) 5582-8167
Fax: (55) (11) 5582-8155 MVL Comunicacao Phone. (55) (11) 3594-0302
/ 0304 / 0305 About TAM: TAM (http://www.tam.com.br/) has been the
leader in the Brazilian domestic market for more than four years,
and closed February 2008 with a 50.6% market share. The company
operates flights to 42 Brazilian destinations. It serves 79
different destinations in the Brazilian market through commercial
agreements with regional companies. Among Brazilian airline
companies, TAM's international market share was 67.2% in February.
Its international operations include direct flights to 17
destinations: New York and Miami (USA), Paris (France), London
(England), Milan (Italy), Frankfurt (Germany), Madrid (Spain),
Buenos Aires and Cordoba (Argentina), Santiago (Chile), Caracas
(Venezuela), Montevideo and Punta del Este (Uruguay), Asuncion and
Ciudad del Este (Paraguay), and Santa Cruz de la Sierra and
Cochabamba (Bolivia). Additionally, it has code share agreements
with international airlines, which allow passengers to travel to
another 64 destinations in the United States, South America and
Europe. TAM was the first airline company to launch a loyalty
program in Brazil; TAM's program currently has 4.5 million members
and has redeemed more than 5.2 million tickets in exchange for
points. http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
http://photoarchive.ap.org/ DATASOURCE: TAM CONTACT: Libano Miranda
Barroso, TAM Investor Relations, +011-55-11-5582-9715, fax,
+011-55-11-5582-8149, Web site: http://www.tam.com.br/
Copyright