EDP Energias do Brasil has four Management Committees created by the Board of Directors that are the Audit, the Sustainability and Corporate Governance, Supervision and Remuneration Committees.
The Audit Committee has a permanent nature and is in charge of the following activities:
Monitoring/evaluating the internal and external auditing activities, monitoring the company's risk businesses, following the accounting practices and information transparency. Besides, the Audit Committee shall also assist the Board of Directors on deliberations to be discussed. Audit Committee comprises three members elected from the Board of Directors, being the President an independent member, one member appointed by the controlling shareholder and another member appointed by the minority shareholders.
The Sustainability and Corporate Governance Committee has a permanent nature and is in charge of perpertuity of the organization, with a long-term vision and sustainability principles, considering the social and environmental subjects in the definition of its business and operations. The Committee shall also ensure the adoption of the best practices of corporate governance and the highest standards of ethical principles in order to increase the value of the society, to facilitate the access to the capital with lower costs and to contribute to its perpetuity. Among its attributions, it is important to highlight the evaluation of the Board of Directors and its members and the analysis and follow-up of activities among related parties. The Committee is comprised of three members and the president is an independent member.
The Supervision Committee is a consulting committee of permanent nature and is responsible of issuing opinions and recommendations on the deliberations related to the company's activities and its controlled companies, as well as on the executions of their attributions. The Supervision Committee is comprised of three members elected from the Board of Directors. The President of the Supervision Committee is the Chairman of the Board of Directors and the two other members are also Company's Executive Directors.
The Remuneration Committee is a consulting committee, with non-permanent nature, and is responsible for assisting the Board of Directors on the deliberations related to remuneration policies of the company and its controlled companies. The Remuneration Committee is comprised of three members elected from the Board of Directors. Two of them are appointed by the controlling shareholder and the third is an independent member.
