Ethics, transparency, equality, accountability and corporate responsibility are the principles that guide our governance practices.
Since we are a publicly traded company with shares traded in Brazil, the United States and Spain, we comply with the requirements of the Brazilian Securities and Exchange Commission (CVM)/BM&FBovespa, the Securities and Exchange Commission (SEC)/New York Stock Exchange (NYSE) and the Latibex of Madrid Stock Exchange. The listing in the Corporate Sustainability Index (ISE) and the Corporate Governance Level 1, of BM&FBovespa, reinforces our commitment to the best management practices and sustainability.
Bylaws, policies and manuals
We develop and continually update mechanisms to strengthen our corporate governance, such as Bylaws, policies, internal regulations and manuals.
Access these documents here
Download the Code of Corporate Governance Practices of Eletrobras
We lead a system composed of electric power generation, transmission and distribution companies, a holding company and a research center, in addition to half the capital of Itaipu Binacional, which is owned by Brazil.
Learn more about our companies
Access our shareholdings here
Our governance structure includes the Shareholders' General Meeting, the Fiscal Council, the Board of Directors and the Board of Executive Officers. The Audit and the Board of Directors’ Supporting Committees respond to the Board of Directors.
Shareholders' General Meeting
There are two types of Shareholders' General Meeting: ordinary and extraordinary. The Ordinary General Meeting is mandatory and held annually, within the first four months following the end of the fiscal year. The Extraordinary General Meeting is convened as provided by law and whenever deemed appropriate by the Board of Directors.
Access the minutes, announcements and administration proposals of Shareholders' General Meetings of Eletrobras
Download the Manual for Participation in Shareholders' Meetings of Eletrobras
The Fiscal Council is formed by up to five members and relative alternates, three of whom are appointed by the majority shareholder; one, by minority shareholders holding common shares; and one, by minority shareholders holding preferred shares. They serve a term of office of one year and can be reelected. In compliance with the Sarbanes-Oxley Act (SOX) requirements, as the company is listed in the New York Stock Exchange, the Fiscal Council has been adapted to include one financial expert among its members, in the function of Audit Committee.
It holds ordinary meetings monthly and convenes extraordinary meetings whenever called by the chairman of the Board of Directors, the CEO of the company or by any of member of the Fiscal Council.
See the members of the Fiscal Council of Eletrobras
Board of Directors
The Board of Directors is formed by up to ten members, seven of whom are appointed by the majority shareholder; one, by minority shareholders holding common shares; one, by minority shareholders holding preferred shares; and one representing the employees. The board also has one independent member, as required by the Law nº 13,303/2016.
They serve a term of office of one year and can be reelected, and only one reelection is allowed for the representative of the employees. The Board of Directors holds ordinary meetings every month, and convenes extraordinary meetings whenever necessary.
See the members of the Board of Directors of Eletrobras
Access the minutes of the Board of Directors' meetings of Eletrobras
Download the Internal Regulations of the Board of Directors of Eletrobras
Download the document which states that there is one independent director among the members of the Board of Directors of Eletrobras
Board of Executive Officers
The Board of Executive Officers is formed by six officers and one CEO, elected by the Board of Directors, with a term of office of up to three years, reelection being allowed.
The members of the Board of Executive Officers hold ordinary meetings every week, and convene extraordinary meetings whenever necessary.
See the members of the Board of Executive Officers of Eletrobras
The Audit responds to the Board of Directors and assesses the appropriateness, efficiency and effectiveness of internal control systems, compliance with laws and internal and external normative acts and the fulfillment of plans, goals, objectives and policies established by the company.
Board of Directors’ Supporting Committees
Formed exclusively by members of the Board of Directors, the committees assist the board in strategic issues, in order to ensure the decisions made by the top management are technically informed. The members of the Board of Directors’ Supporting Committees are chosen after the Ordinary Shareholders' General Meeting.
Audit and Risk Committee: This committee advises the Board of Directors in issues regarding accounting principles, risks and internal controls, legal claims, compliance, independent audit and proceedings with regulatory agencies (Office of the Comptroller General and the Federal Court of Accounts).
Download the Internal Regulations of the Audit and Risk Committee
Compensation and People Management Committee: it advises the Board of Directors in decisions regarding policies on remuneration, people management and development of the competences of our professionals.
Download the Internal Regulations of the Compensation and People Management Committee
Sustainability Committee: it advises the Board of Directors in establishing actions focused on corporate sustainability, and on monitoring the performance through indicators that make up our sustainability platform.
Download the Internal Regulations of the Sustainability Committee