Navigating Crisis with Failure - Outcome

Management Team Performance Review by Co-Chairs

Dear Team,

Six months have passed since the pivotal decision to pursue Option 7B5, involving asset donation and community initiatives as the strategy for winding down Amazonia’s operations in the Amazon Basin. We are here to present the outcomes of this choice.

This option aimed at positive community relations and long-term goodwill. It received highly positive public perception; however, it carried moderate to high legal risks requiring careful planning and due diligence.

After thorough assessment, we have determined that this option will lead to termination of performance. The termination will be effective after the completion of the winding down activities, which is expected to take another 12 months. We appreciate the efforts to engage with the local communities but these were offset by  the legal complexities associated with asset donation.

In summary, the best-performing option, Option 7B3 (Ethical Closure and Environmental Restoration), will result in a new placement within the parent company for the team. The other options will lead to termination of performance after the completion of the remaining 12 months of winding down activities.

Respectfully,