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Corporate governance

The principles that govern the relationships between Galp Energia's stakeholders are: neutrality, fairness, integrity, accountability, open-mindedness and transparency. These interact for a balanced and responsive corporate governance

Ever since its IPO, Galp Energia has been perfecting its conduct and social reponsibility standards.

This line of action was set out from the start by the board of directors, whose leadership and responsiveness imprint the Company's overall action, particularly the effectiveness of its supervisory and control mechanisms. Galp Energia's shareholders, clients, suppliers, employees and the communities where the Company operates are aware of the high ethical standards governing the interactions between stakeholders.

In this section we review:

Governance model

Governance modelThe current governance model consists of a management and supervision structure of a board of directors - which delegates powers in an executive committee - and a supervisory board.

Governing bodies

Governing bodiesGalp Energia's governance model consists of a set of governing bodies that discuss, make and supervise decisions.

Articles of association

Articles of associationGalp Energia's articles of association define the Company's workings and, in particular, its governing bodies'.

Corporate governance report

Corporate governance reportThe corporate governance report describes Galp Energia's governance practice. In this section you can review the last published corporate governance reports.

Code of ethics and conduct

Code of ethics and conductGalp Energia's mission, vision and values are reflected in the daily action of its employees in accordance with consensus rules.

Risk management

Risk managementGalp Energia's operations and results are subject to changes in the competitive, economic, political, legal, regulatory, social and financial conditions affecting the Company's activities.

Last update: 16 Jul 2012

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