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
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
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, of non-permanent operation, when installed by the general assembly, will be composed of 3 (three) to 5 (five) members and their respective alternates, elected by the General Assembly, all resident in the country, who shall hold office until the first annual general meeting held after their election, and may be re-elected, subject to the requirements and impediments established in the legislation, in the company's bylaws and, as far as applicable, in the Company's internal regulations.
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 allowed. The directors are elected as follows: one director elected in a separate vote by the preferred shareholders and eight (8) remaining directors elected by common shareholders. The Board of Directors must be composed of at least 5 (five) independent members and 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 2023
Board of Executive Officers
It is formed by the President and up to 15 (fifteen) Executive Vice President Officers, elected by the Board of Directors, with a term of office of 2 (two) years, being allowed 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
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
The Board of Directors has the permanent support of 3 (three) statutory advisory committees with specific attributions of analysis and recommendation on certain matters, directly linked to the Board, with the objective of assisting the board in strategic matters in order to ensure that the decision to be taken by senior management is technically grounded.
The support committees are composed of 3 (three) to 5 (five) effective members, who may be board members or external members, appointed by the Board of Directors after the Annual General Meeting, for the exercise of a term of management of up to 2 (two years), and reappointments are permitted.
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
Download the Internal Regulations of the Audit Committee and Statutory Risks
People Committee - CPES: 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 Committee - CPES
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
Legal Affairs Support Committee – CAAJ: advises the Board of Directors by monitoring relevant litigation and judicial and extrajudicial agreements and other important legal matters.
Download the Internal Regulations of the Legal Affairs Support Committee – CAAJ