Since 2010 we have had the Code of Good Corporate Governance; this includes the main aspects aimed at improving and implementing good corporate governance practices. Our current Code of Good Corporate Governance was approved on May 28, 2018, by Board Agreement No. 047-2018-PP, and updated by Board Agreement No. 110-2020-PP, on November 5, 2020.
This document has a structure similar to the Code of Good Corporate Governance for Peruvian Companies of the Superintendency of the Securities Market (SMV) and includes the main aspects included in the aforementioned document, appropriate to our status as a state company and applicable legal regulations. It contains five pillars and 31 principles:
Following the approval of Emergency Decree No. 023-2022, of October 25, 2022, which establishes the economic and financial measures aimed at avoiding the shortage of fuel at the national level, the review and updating of the Bylaws and other corporate instruments is planned, which will generate the updating of our Code of Good Corporate Governance. For this reason, by 2023, it is planned to identify and implement improvements in the corporate governance of our company.
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