Galp´s By-Laws are the fundamental document which defines systematic approach of our corporate structure, describing the governance model adopted by the Company and defining the core parameters by which the powers are allocated to each of the governing bodies. By-Laws also define the governing body’s rules and procedures, their correlation, as well as the shareholders rights and the manner in which such rights may be exercised. By-Laws may only be altered by the General Shareholders Meeting by a two-thirds majority of the votes cast.
The Code of Ethics and Conduct is a vital part of our framework, defining the core principles and high ethical standards that allow us to create and maintain a trust-based relationship with our co-workers, shareholders, customers, suppliers and representatives of the communities.
The Regulation defines the powers, duties and operation rules of Galp´s Board of Directors.
The Regulations of the Executive Committee defines the powers, duties and operation rules of Galp´s Executive Committee.
The Regulation defines the powers, duties and operation rules of Galp´s Audit Board.
The Regulation defines the powers, duties and operation rules of Galp’s Ethics and Conduct Committee.
The Regulation defines the powers, duties and operation rules of the Sustainability Committee of Galp.
The Regulation defines the powers, duties and operation rules of the Risk Management Committee of Galp.
The reports establish the Galp’s corporate governance system and governance practices in reference to each year according with the Regulation no. 4/2013 of the Portuguese Securities Market Commission Governance and the Portuguese Securities Market Commission Governance Code
The Remuneration Policy sets out the principles for remuneration of the members of Galp´s corporate bodies.
The Risk Management Policy ensures that risks and opportunities are appropriately monitored and inherent exposure is managed in accordance with the Galp's risk appetite, ensuring compliance with regulatory requirements within the framework of the best corporate governance practices.
The Corruption Prevention Policy provides Galp with tools to prevent corruption risks, achieving continuous improvements.
Corporate Social Responsibility Policy establishes the Galp’s commitment to adopt the best operational and governance practices that guarantee the integration of the fundamental principles and issues of Corporate Social Responsibility in the ethical, social, environmental and economic fields throughout its value chain and level of influence.
Health, Safety and Environmental Policy sets out our commitment to the continuous improvement of the performance on Safety, Health and the Environment, by reducing negative impacts while maximizing the positive effect of our activities.
Community Investment Policy establishes the Galp´s commitment to continuously improve the performance of its investments in the community, with the aim of creating shared value in a long-term perspective.
Tax Policy establishes the Galp´s recognition of the importance of adopting and implementing international best practices in terms of fiscal transparency.
The Communication Policy aims to ensure, with accuracy, clarity and transparency, the alignment between the Company's reality and how its various audiences perceive it.
Galp assumes the defence and promotion of Human Rights.
The policy on the prevention of money laundering and terrorism funding establishes the commitment to fight every active or passive form of crime profit skimming to cover up its illegal sources.
The Diversity Policy for the Board of Directors and Audit Board establishes the criteria to promote diversity in each body.
The Related Party Transaction Standard defines the criteria and procedures for controlling relevant transactions that are carried out between Galp and its related parties, to safeguard the Company’s interest in situations of possible conflicts of interest.
Reporting of Irregularities Procedure is a mechanism allowing any interested party related to Galp to report, on a confidential basis, to the Audit Board, through the Ethics and Conduct Committee, any knowledge or well-founded suspicion of occurrence of any irregularities or instances of non-compliance with the Code of Ethics and Conduct or other Galp´s regulations.
Learn more about our Corporate Governance
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