Investors and shareholders
Chesf’s online portal has a specific channel for communication with investors, with information targeted both in a legal manner, as well as through announcements and notices. The Company also makes available the e-mail firstname.lastname@example.org, for direct contact with its Public Relations area.
Long-term strategic planning
As a result of the Strategic Planning review work, foreseen in the Company’s regulatory instruments, a process of updating the organizational identity and strategic objectives of Chesf was developed and, consequently, the construction of its Strategic Map, which meets the challenges of the current scenario of the domestic electricity sector. Below we present the Chesf Strategic Map for the 2020-2035 cycle.
Chesf’s Strategic Planning is a dynamic process That influence the business performance and the consequent adaptation of strategic objectives, aiming to improve management and achieve the goals and results proposed, considering a long-term perspective. It is based entirely on the holding company’s Business and Management Master Plan (PDNG). For further information about PNG 2019-2023 and 2020-2024, access Strategy and prospects.
The management of economic and financial performance aims to support business decisions, aiming to improve management and achieve the goals and results proposed for the short, medium and long term, in order to ensure the growth and sustainability of Chesf.
For further information about Chesf’s financial results in 2019, access Capital performance > Financial capital.
Business ethics and integrity
Main documents guiding ethics and integrity at Chesf:
- Code of Ethical Conduct and Integrity;
- Anti-corruption policy of Eletrobras companies;
- Conflict of Interest Management Policy of Eletrobras companies; and
- Regulation of the Eletrobras Companies Integrity Program (represents a tactical unfolding of the strategic guidelines of the Anticorruption and Conflict of Interest Management Policies).
We have adopted the Eletrobras Companies Integrity Program, also called the “Eletrobras Five Dimensions Program”, whose objective is to prevent, detect and remedy situations of fraud and corruption. The following infographic shows the composition of the Program.
We execute controls related to the Sox Certification (Sarbanes-Oxley Act), which are tested annually by internal and external audits. It is worth mentioning that, in the 2019 cycle, there were no reports of deficiencies related to the Integrity Program. We can also mention the integrity audits carried out by control agencies, such as the Office of the Comptroller General of Brazil, in a process carried out in 2019, 88% of the recommendations recorded by the agency in previous work in 2016 were considered to have been complied with and the rest is covered by action plans. Additionally, the following indicators are monitored quarterly:
- employees trained in anti-corruption policies and procedures;
- supplier due diligence;
- critical suppliers trained in fighting corruption; and
- business partners trained in fighting corruption.
Also, in 2019, we consolidated the process of evaluating the integrity of third parties, which involves:
- supplier evaluation with automation of the due diligence form application, improvement of the background check tool and improvements in integrity reports;
- evaluation of sponsorships, donations, agreements and social actions;
- evaluation of governance members (board directors and members) with the improvement of the background check tool and with a broader scope of the opinion issued by the integrity area; and
- integrity assessment in disinvestment processes.
For further information about this theme consult about reporting and integrity management channels at Corporate governance and ethics > Business ethics and integrity.