Remuneration policies

The overall remuneration of the members of the Board of Directors, the Supervisory Board and the Statutory Board is determined annually at the Annual General Meeting, in accordance with our Remuneration Policy. It is worth noting that the remuneration practices adopted by Norte Energia also follow the criteria and recommendations of the IBGC and the Brazilian Corporate Governance Code.  

Regarding benefits and incentives, the remuneration policy adopted by Norte Energia does not provide for attraction bonuses, clawback clauses or retirement benefits for senior management. Members of the Board of Directors and the Supervisory Board do not have an employment bond with the Company thus receiving only a fixed remuneration. Variable compensation and share plan participation are prohibited in this case.  

The Executive Board’s remuneration consists of a fixed monthly salary, a variable component linked to the achievement of strategic goals, such as EBITDA and sustainability indicators, in addition to benefits.  This structure reinforces the Company’s commitment to transparency and good governance practices, promoting alignment between performance, value generation and financial responsibility.