Corporate Governance

We seek to improve our management practices continuously by focusing on transparent processes appropriate to our business market.

CTEEP adopts a Corporate Governance model - set forth formally in the Company's Bylaws - responsible for establishing our strategic direction and guidelines for management, management monitoring and accounting auditing. The Company's governance structure clearly defines the roles and responsibilities of the Board of Directors and the Board of Executive Officers in developing, approving and executing the strategic guidelines and conducting the Company's business.

Based on the principles of fairness, transparency and accountability, CTEEP meets the main market requirements. In fact, it was the first electric utility in São Paulo State listed on BM&FBOVESPA´s Level 1 of Corporate Governance.

Furthermore, the Company meets BM&FBOVESPA's higher governance criteria, such as a Board of Directors composed of up to ten² members, one of whom is a representative of the employees, and financial statements in English³ made available on the Company's website.

The Company always seeks to gather and post material information to meet the market's demands, thus establishing an effective communication channel with its shareholders, investors and other stakeholders.

In addition, CTEEP follows the guidelines established by a series of instruments, such as the Company's Security Trading Policy, Bylaws, Information Disclosure Policy and Code of Ethics and Corporate Governance, to ensure information security and transparency, as well as prevent situations characterizing conflicts of interest . (GRI 4,6)

² Level 1 recommends at least three and Level 2 at least five.

³ Publishing financial statements in English is a requirement for Level 2 and Novo Mercado-listed companies only.