Ethics and Conduct Committee

The Ethics and Conduct Committee is made up of three members appointed by the Audit Board for the 2019-2022 term

Powers and operation

The Ethics and Conduct Committee is an independent and impartial internal structure, that reports to the Audit Board, responsible for monitoring the implementation of the Code of Ethics and Conduct, as well as to follow up and clarify doubts regarding its application, and receive and process information transmitted to it under the Whistleblowing - Ethics Line, concerning alleged irregularities or infractions of the provisions of the Code of Ethics and Conduct or other internal regulations or rules dealing with the accounting, internal accounting controls, auditing and the fight against bribery, banking and financial crime. It is also responsible for promoting the training employees on matters of ethics and conduct. For more information, please see Ethics and Conduct and Reporting of irregularities pages.

During the year 2020, the Ethics and Conduct Committe held seven meetings for analysing and deciding on forwarding reports of irregularities that were received and participated in four meetings of the Audit Board, during which the due report was provided to this body.

In 2020, seven cases were reported to the Ethics and Conduct Committee and investigated under the Reporting of Irregularities Internal Standard, of which four were related to moral harassment, one to a work theme and two to practices adopted by Galp partners. Of the seven cases under investigation, one required the adoption of measures by the Company in order to adapt the conduct to the standards established in the Code of Ethics and Conduct and three are in progress.