Investor Presentaiton
SPIC BRASIL
About SPIC Brasil Our energy comes from multiple sources
Vision-driven progress
Safety is the foundation of care
GRI Summary
24
We strive to
keep SPIC Brasil's
corporate
governance strategy
increasingly aligned
with market practices
and international
benchmarks.
The Executive Board is comprised
of 15 members appointed by the
BoD and is responsible for running
the company's business, through
Delegation of Authority. Its duties,
responsibilities and rights are governed
by law. Statutory officers are vested
with powers to represent SPIC Brasil,
whether by signing contracts or issuing
powers of attorney.
Having secured the new solar ventures,
we now control 22 new companies,
two of which are holding companies
(with functional Boards) and 20 are
Special Purpose Entities (SPEs) - whose
corporate and governance decisions
we are responsible for. This required
us to create specific decision-making
methods for these companies to
align them with SPIC Brasil's existing
governance standards.
To support the new investments, in
2022 we implemented procedures that
helped us differentiate the decision-
making process for the company,
the investees, subsidiaries and non-
subsidiaries. In addition, we created
internal standards to organize BoD
meetings, establishing clear principles,
deadlines and approval flows for
decision-making processes.
We also reviewed governance
processes and procedures to align
ourselves closer with international
OECD principles. This endeavor involved
reviewing materials and resulted in
a plan to implement new activities
for continuous improvement. It will
help maintain SPIC Brasil's corporate
governance strategy increasingly
aligned with market practices and
international benchmarks.
This year we plan to commence
roundtable discussions and training
sessions for our team on corporate
governance. The goal is to approximate
people with the topic, make them
understand its importance and instill a
sense of responsibility in everyone who
contributes to building our workplace
on a daily basis.View entire presentation