Companhia De Saneamento (SBS) has released an update.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP has introduced an Institutional Indemnity Policy to protect its management and employees from financial losses incurred during their official duties. This policy covers indemnifiable losses related to legal proceedings that arise from their regular functions within the company or its affiliates, ensuring that eligible beneficiaries are safeguarded against various legal financial implications. The coverage extends to acts performed in good faith and within the scope of their responsibilities, excluding losses due to personal interest or misconduct.
For further insights into SBS stock, check out TipRanks’ Stock Analysis page.