Governance and Sustainability System
Governance and Sustainability System
Neoenergia's Governance and Sustainability System includes the rules and principles that govern the company's organization, operation, and relations.
A system with rules and principles that govern the organization
The Governance and Sustainability System is established to ensure compliance with the bylaws that bind shareholders and, in particular, the corporate purpose and social interest of Neoenergia.
The Governance and Sustainability System, always configured in accordance with the Shareholder Agreement and with current legislation, is inspired by the purpose of continuing to build, every day and collaboratively, a more electric, healthier and more accessible energy model, and is based on the Bylaws, which, approved by the General Shareholders' Meeting, brings together and references all the key elements of the Governance and Sustainability System, whose development is attributed to the Board of Directors, without prejudice to other competencies.
The Governance and Sustainability System is subject to a constant review process for the continuous incorporation of best practices
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The Governance and Sustainability System, always configured in accordance with the Shareholder Agreement and with current legislation, is inspired by the purpose of continuing to build, every day and collaboratively, a more electric, healthier and more accessible energy model, and is based on the Bylaws, which, approved by the General Shareholders' Meeting, brings together and references all the key elements of the Governance and Sustainability System, whose development is attributed to the Board of Directors, without prejudice to other competencies.
The Governance and Sustainability System is subject to a constant review process for the continuous incorporation of best practices
The corporate and governance structure
Neoenergia's corporate and governance structure, as well as its Business Model, are based on a decentralized structure. Neoenergia, as a holding company, which includes certain interests in other companies that develop business in the energy sector, is responsible for the strategy, supervision, and control of its entire group, leaving the management of each company in the group to its respective governing bodies.
Thus, one of Neoenergia's main functions is to assume the functions of organization and strategic coordination in relation to the company's companies, as well as to centralize the provision of common services to operating companies, in accordance with the provisions of the Shareholder Agreement or
the applicable legislation.
Thus, one of Neoenergia's main functions is to assume the functions of organization and strategic coordination in relation to the company's companies, as well as to centralize the provision of common services to operating companies, in accordance with the provisions of the Shareholder Agreement or
A proactive compliance function
The company is permanently committed to leading the application of the most demanding practices in terms of ethical and regulatory compliance.
In particular, Neoenergia is committed to the continuous surveillance and sanction of fraudulent acts and conduct, the implementation and development of effective communication and awareness mechanisms for all professionals, and the development of a business culture, based on ethics and honesty, for which it has effective and updated policies and programs for crime prevention and against fraud, which reach all levels of the organization.
