Investor Presentaiton
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the level acceptable risk taken by the Company as a
whole, to ensure that the balance between risk and
benefit is properly managed and aligned.
GRI 2-15 | Conflicts of interest
AES Brasil has a Conflict of Interest Policy that provides
guidance to employees on how to identify and conduct
situations of conflicts of interest in the Company's daily
activities. This policy also outlines complementary
instructions to support the principles laid down in
AES' Code of Conduct. The Ethics and Compliance
team invests in training on the topic and strongly
recommends that employees who witness any conflicts
or situations that may give the impression of a conflict
of interest report it immediately.
There are numerous ways to report such situation
and receive guidance. Employees can contact an AES
leader, a member of AES Brasil Ethics and Compliance
Department or even through the AES Helpline. The
Department has autonomy and independence to
analyze the claims on an individual basis and provide
answers on how to prevent or mitigate the potential
conflict of interest. If the situation requires so, an Ethics
Committee is formed to resolve on the necessary
measures and/or to mitigate the conflict of interest,
whenever necessary. The Board of Directors is informed
of the consultation and claim rates on the topic.
The provisions on conflicts of interest are disclosed
to stakeholders as provided for in (i) the Company's
Bylaws; (ii) the Internal Rules of the Board of Directors;
(iii) the Company's policies, in particular the Policy
on Related-Party Transactions - any related-party
transactions are disclosed to the market via a Material
Fact about said transaction.
GRI 2-16 | Communication of critical concerns
Critical concerns are reported to the Executive Board,
the Board of Directors, the Fiscal Council and the
Statutory Audit Committee. The topics usually reported
are related to the claims and consultations received
in the AES HelpLine channel, the number of high-
and low-risk contracts, donations and sponsorships
received, breaches to laws and procedures and other
matters that concern the company's management.
Themes received via the AES HelpLine channel are
reported to the Board of Directors grouped by topics.
Hence, we do not have the total number of crucial
concerns informed to the Board in 2022.
GRI 2-18 | Evaluation of the performance of the
highest governance body
The Board of Directors Chairman is responsible for
conducting the evaluation of each Board member
separately, and a self-evaluation of his performance
is carried out collectively. This process is based on
subjective and objective evaluations. The evaluation is
not independent and, according to the Novo Mercado
Regulation, it must be carried out at least once during the
Board's tenure. The evaluation of the current Board of
Directors composition was carried out in 2022.
GRI 2-20 | Process to determine remuneration
In 2022, the Annual Shareholders' Meeting was held on
April 28. Compensation was approved by 83 votes in favor,
8 against and 3 abstentions.
GRI 2-21 | Annual total compensation ratio
In 2022, the annual total compensation of the
company's highest-paid individual was equivalent to
9.06 times the average of all other employees. The
ratio of percentage increase in the total compensation
of the company's highest-paid individual was 0.53
times the average percentage increase of other
employees. Information used in this calculation was
obtained from the payroll system, which gathers
information from all employees. To obtain the total
amount, the annual salary was added to the Employee
Profit Sharing/bonus.
2022 Integrated Sustainability Report >
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