An employee responsible for evaluating bids holds a significant shareholding in one of the bidding companies. Under ethics and integrity rules applicable to NAV Brasil, the employee must:

1. Formally declare the situation and abstain from the evaluation, so the decision is reassigned and the conflict is recorded
2. Keep the shareholding secret and evaluate the bid normally, since the shares are personal property
3. Sell the shares on the decision day and proceed with the evaluation
4. Participate in the evaluation but abstain only from the final vote