EDP Energias do Brasil is listed on São Paulo Stock Exchange’s (B3) Novo Mercado segment, adopting additional commitments in corporate governance guaranteeing the fair and equitable treatment of shareholders, employees, clients and suppliers. The company’s inclusion for the fourteenth consecutive time in B3’s Corporate Sustainability Index (ISE) is recognition of these commitments. This stock index reflects the performance of a portfolio made up of the shares of companies with a high degree of commitment to the practices of business sustainability and corporate governance.
The adopted model of corporate governance is based on the recommendations of the Brazilian Corporate Governance Institute (IBGC) which include the exclusive issue of common shares, restrictions on advantages accruing from access to insider information and use of arbitration as a more agile and specialized solution of conflicts of interest. The Board of Directors’ Sustainability and Corporate Governance Committee also acts as a tool for solving shareholder disputes.
This commitments cover the inclusion of all shareholders in a public offering for the acquisition of shares in the event of the sale of controlling stake in the company, at the same price as is paid for the shares of those in the controlling bloc (100% tag along rights).
All members of the Board of Directors and the Management Board subscribe to the Novo Mercado Listing Regulations. While the company’s securities are not traded on the United States capital markets, financial statements adhere to the procedures and financial controls under the Financial Report Internal Control System (SCIRF) based on the Sarbanes-Oxley Act (SOX).