EDP is the company with the best governance practices in the Latin American electric power sector
For its outstanding compliance performance and institutional practices, EDP Brasil, a company that operates in all segments of the electric value chain (energy supply, trading, generation and transmission) has won the award for best company in the Latin American Utilities sector, bestowed by Ethical Boardroom magazine. The International Corporate Governance Award recognized the company for its sustainable business model and accountability to all stakeholders.
"It is with great satisfaction that we receive this recognition, which encourages us to continue improving our Corporate Governance," says EDP Brasil CEO Miguel Setas. "As one of the country largest energy companies, we have adopted several risk mitigation and anti-corruption measures. Our operation is based on trust, ethics, and transparency with our business partners, customers, and stakeholders."
The Company was featured in the editorial of the magazine summer edition, published throughout the world for more than 48,000 executives, authorities, and opinion makers. Focusing on risk management, ethics, stakeholder engagement and leadership, Ethical Boardroom is one of the leading publications on Compliance and Corporate Governance.
This is the second time EDP Brasil has been recognized by the international press this year. At the beginning of September, Institutional Investor magazine, which lists the best Investor Relations performances in the world, once again selected the President of the Company, Mr. Miguel Setas, as one of the top three CEOs in the Latin American electricity sector. According to the publication, the company also has the second best investor relations program and the third best website.
