CORPORATE GOVERNANCE
At GECELCA, we are committed to the integration and application of the best corporate governance practices.
We uphold business ethics and efficiency in management to build greater trust among our stakeholders and enhance competitiveness. We manage with clear transparency policies, which is reflected in the continuous disclosure of business-related information, the maintenance of communication channels, and easy access to useful data of interest to our audiences.
CORPORATE GOVERNANCE REPORT
GOOD GOVERNANCE CODE
CODE OF ETHICS
BUSINESS ETHIC AND TRANSPARENCY PROGRAM
COLLECTIVE ACTION IN THE ELECTRICITY SECTOR
GECELCA drives and promotes ethics and transparency in all its activities and operations.
For this reason, and to strengthen ethical management, in 2017, it joined the Collective Action in the Electricity Sector.
WHA IS COLLECTIVE ACTION?
It is an initiative undertaken by a group of independent companies and institutions that voluntarily joined forces to achieve a common and consensual goal. This joint effort allows the fight against corruption from and for the Colombian electricity sector.
The Collective Action for Ethics and Transparency is based on an environment of best practices that promotes the creation of transparency standards and provides equal opportunities. The scope of the Collective Action is defined by its participants and aims to go beyond what is strictly required by regulations.
WHAT ARE THE COMMITMENTS OF THE COLLECTIVE ACTION?**
- Advance in the development and implementation of a comprehensive anti-corruption program, taking as a reference the “Business Principles for Countering Bribery” issued by Transparency International.
- Continue promoting healthy competition in the electricity sector, using good corporate governance practices to prevent restrictions on free competition.
- Build and disclose, within the company, a risk map of corruption, anti-competitive practices, money laundering, and terrorist financing, including the pertinent management measures, and contribute to the development of the sectorial risk map.
- Provide useful information to promote transparency in the energy sector and the energy market in Colombia.
- Disseminate this agreement within each company, including their Boards of Directors, and among the different stakeholders of the Electricity Sector.
MEMBERS OF COLLECTIVE ACTION
OUR PARTNERS
TECHNICAL SECRETARY
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ENTERPRISE CONTROL SYSTEM
The Internal Control System of GECELCA aims to contribute to the fulfillment of business objectives
It defines the standards of conduct and actions at all levels of the organization, provides feedback on business operations, and offers reasonable assurance for proper risk management.
The Internal Control System is designed to provide a reasonable level of assurance in achieving objectives related to the following:
Operational efficiency and effectiveness
Reliability of financial reporting
Asset protection
Compliance with applicable regulations
SICI EVALUATION 2023
SICI EVALUATION 2022
