Ethics, transparency, equity, accountability and corporate responsibility are the principles that guide Eletrobras’s corporate governance model. These principles represent not only the concern with fulfilling the sustainability requirements for the company’s performance, but also the continuous pursuit of the best practices in relationships with stakeholders.
Responsible for 36% of power generation and 56% of power transmission in Brazil, Eletrobras, represented by its holding, has shares traded in stock exchanges in Brazil, Europe and in the United States. Therefore, the introduction of the best practices of corporate governance in Eletrobras represents the continuous challenge of strengthening reliability towards shareholders and investors, showing dependable internal controls, transparent management and concern with stakeholders’ interests.
The improvement of the corporate governance is ensured by a framework of management, practices and instruments, such as Bylaws, policies, Bylaws of the Board of Directors and Fiscal Council, the Internal Committees that support the Executive Board and Board of Directors and Guidance Manuals for the members of the Board of Directors and Fiscal Council, who are representatives of Eletrobras in other participations. These bylaws, rules, procedures and powers of bodies of the company were consolidated into a single document – the Code of Corporate Governance Practices of Eletrobras – in order to facilitate the access to this information and fortify the transparency. If you prefer, read each one of the management tools and policies of the company separately here.
Take a look at Eletrobras’s corporate governance model. See also the Eletrobras System Board of Governors (Consise), the Advisory Council, the Committees and the Ombuds’ Office of Eletrobras. |