The principles of ethics, equity, sustainability and responsibility are the pillars of our corporate governance practices.

Centrais Elétricas Brasileiras S.A. (“Eletrobras”) is a publicly-held corporation, registered with the Securities and Exchange Commission (CVM) and the Securities and Exchange Commission (SEC), with shares traded on the stock exchanges of São Paulo (B3), Madrid (LATIBEX) and New York (NYSE).

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​

Shareholdings

Eletrobras is the largest company in the electricity sector in Latin America, operating in the generation, transmission and commercialization segments, being the direct controller of four operating subsidiaries and a holding company, and also has direct and indirect participation in investee companies.

Learn more about our companies

Access our shareholdings here
    

Governance bodies

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
    

Fiscal Council

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 two years, being allowed, at most, two renewals.​​ 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 the members​ of the Fiscal Council.
    

See the members of the Fiscal Council of Eletrobras​

See the Internal Regulations of Eletrobras' Fiscal Board 

Board of Directors

It is composed of nine members, elected at the General Meeting, without alternates, with a unified term of office of 2 (two) years, with reelection permitted. The directors will be elected as follows: one director elected in a separate vote by the preferred shareholders; a director elected according to the choice made by the employees; seven directors elected by common shareholders. The Board of Directors must be composed of at least 5 (five) independent members. The Board of Directors meets monthly and, extraordinarily, 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

Independence Statement 2022

Board of Executive Officers

The Board of Executive Officers is formed by eight officers and one CEO, elected by the Board of Directors, with a term of office of two years, being allowed, at most, three renewals.​
    

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​

Download the Officers' Variable Remuneration Program

See the Bylaws of Executive Board 
    

Audit

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 Risks Committee​: advises the Board of Directors on issues related to accounting practices, risks and internal controls, litigation liabilities, compliance, internal auditing and independent auditing.

Download the Internal Regulations of the Audit Committee and Statutory Risks  

People, Eligibility, Succession and Remuneration 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 People, Eligibility, Succession and Remuneration Committee    

Strategy, Governance and 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 Strategy, Governance and Sustainability Committee​​
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