Formal Elements

The bylaws in effect of EPM are established in Agreement 12 of 1998, which was amended by Agreement 32 of 2006, issued by the Honorable Council of Medellin. The Agreement 32 of 2006 added article 17bis to create the Audit Committee of the Board of Directors.

Bylaws

This Regulation lays down rules for the operation of the Board in order to achieve greater efficiency and effectiveness of the Board, and in order that decisions be made objectively and responsibly. The rules contained herein are applicable to Board members and to EPM’s senior management and officers relative to preparing and presenting information.

Regulations of the Board of Directors

Recognizing the importance of having clear ownership rules, the Framework Relations Agreement entered by the Municipality of Medellin and EPM in 2007, establishes, among others, the main guidelines of the agreement, the Municipality’s obligations, EPM’s obligations, and the corporate social responsibility model, hand-in-hand with the commitments assumed in the Global Compact voluntarily adhered to by EPM. During 2009, the Framework Relations Agreement of the Municipality of Medellin and EPM remained in effect as a commitment gained towards the Municipality to establish equitable and transparent relations between the Company and its owner.

Framework Relations Agreement

EPM’s Corporate Governance Code is an instrument which gathers and discloses the guidelines and practices applied in the Company relative to governance, conduct and information disclosure. This Code is a significant and valuable document since it contains the provisions that EPM follows in terms of ownership relations.

Corporate Governance Code

Compliance with the Governance Code