Corporate Governance
A structured governance system, with a high level of transparency and protection for shareholders and investors, is associated with lower capital costs for organizations and is a critical factor for the investment decision and consequent longevity of the business.
For this reason, Copel’s corporate governance encompasses an efficient set of mechanisms, both for incentives and monitoring, in order to ensure that the performance of managers is always aligned with the best interests of the Company, the Paraná State government, with aimed at resolving issues for the benefit of the company itself and its stakeholders.
Copel is listed on Level 2 Governance of the B3 (Brasil, Bolsa, Balcão – São Paulo stock exchange) and complies with the provisions of Federal Laws No. 6,404/1976 and No. 13,303/2016, the rules of the Securities and Exchange Commission (CVM) and other applicable legislation in Brazil.
Copel’s corporate governance model is based on the principles of transparency, equity, accountability and corporate responsibility, seeking the best results for stakeholders, following the best market practices and having as a reference the Code of Best Governance Practices of the Brazilian Institute of Corporate Governance – IBGC, which defines corporate governance as “the system by which companies and other organizations are directed, monitored and encouraged, involving the relationships between partners, board of directors, executive board, supervisory bodies and control and other interested parties”.
Based on these principles, Copel’s Governance Policy establishes the standard and best practices to be adopted by the Company, being governed by the Code of Conduct, developed in line with its values and the Principles of the Global Compact.
Abroad, the Company complies with the regulations of the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE), in the United States; and Latibex, from Bolsa y Mercados Españoles, in Spain. Copel’s corporate governance system also incorporates the governance of wholly-owned subsidiaries, as established in the sharing agreement.
Here in this environment, you will find information about the company’s governance structure, the composition of the governing body, the governance practices adopted, as well as the documents that give publicity and transparency to the actions and results obtained by the Company, in addition to corporate policies.
Institutional
Companhia Paranaense de Energia – Copel, founded on October 26, 1954, is a publicly-held corporation, with legal personality under private law, which operates in the generation, transmission, distribution and commercialization of energy, with headquarters in Curitiba. The companies that make up Copel Holding are Copel Geração e Transmissão, Copel Distribuição, Copel Comercialização and Copel Serviços.
Here it is possible to learn about the mission, vision and values that serve as a strategic reference, learn more about the Company’s history and in which regions of the country Copel’s projects are maintained.
Governance Structure
Companhia Paranaense de Energia is a publicly traded mixed capital company and is currently the largest company in the State of Paraná. Headquartered in Curitiba, Copel operates through its subsidiaries in the areas of energy generation, transmission, distribution and commercialization.
Governance Practices
Regulatory Environment
Financial Economic Performance
The economic-financial performance reflects the organization’s financial health and the degree of success obtained with the capital invested, allowing stakeholders to evaluate the use of resources and the factors that influenced this use, as well as guiding decision-making by senior management. and the improvements needed to generate and maintain efficiency.
