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The Investors section contains information about ENGIE Brasil Energia S.A., which is the ENGIE's group company listed in the Brazilian Stock Exchange (B3: EGIE3, ADR: EGIEY).
Board of Directors of ENGIE Brasil Energia
The Board of Directors is responsible for the overall guidance of the Company's businesses, for the election and dismissal of the directors and determining their respective functions, as well as for supervising the management of such. The Board is composed of nine members and equal number of alternates: six controlling shareholder representatives, two independent members (as definition of Novo Mercado Regulation from B3) and an employee representative. The General Shareholder Meeting is responsible for elect the controlling shareholder representatives and the independent members and approve the employee representative's name. The term of office is two years, with eligibility for reelection. The current Board took office on April 28, 2020, and its mandate expires in April 2022.
Executive Board of ENGIE Brasil Energia
The Executive Board is responsible for the Company's general management and representation. It is made up of seven members, elected on the basis of professional competence by the Board of Directors. Members' mandates run for a period of three years, reelection being permitted. The current Executive Board took office in May 2019 and its mandate expires in May 2022.
Audit Committee of ENGIE Brasil Energia
Installed on a permanent basis, the Audit Committee is responsible for advising the Board of Directors and among its functions are: to opine on the hiring and dismissal of the independent auditor’s services, to evaluate the financial statements, to accompany the activities of the internal audit and the Company’s internal controls area, to evaluate and monitor the Company’s risk exposures and, to evaluate, monitor and recommend to the Company’s management the correction or improvement of the Company’s internal policies. The Audit Committee shall be composed of, at least, 3 (three) members, all appointed by the Board of Directors, at least 1 (one) of them being an independent Director of the Board and 1 (one) of them with recognized experience in corporate accounting matters. The current Audit Committee took office on May 14, 2020 for a term of 2 (two) years.
Fiscal Council of ENGIE Brasil Energia
The Fiscal Council is a non-permanent organ installed at the request of the shareholders, with the attributions provided for in the law, with emphasis on supervising the administration acts and verify compliance of their legal and statutory duties. The Fiscal Council is totally independent of the Company’s management, as well as any external auditing company that may eventually be contracted by, composed of 3 (three) members and equal number of alternates, one of whom must be appointed by the minority shareholders. The current Fiscal Council took office on April 28, 2021 and its mandate ends in April 2022.
Strategic commitee of ENGIE Brasil Energia
The Strategic Committee is a consulting body for the management, providing advice and opinions to the Board of Directors and the Executive Officers in specific matters such as the selection and monitoring of expansion projects involving the generating complex and the analysis of tendencies in the electric sector, among other aspects relative to Company strategy.