Code of Ethics
Purpose of this Code of Ethics
The Code of Ethics is a useful instrument to preserve the company‘s value and integrity
throughout time. It is a set of positive principles and behavior rules (that is, a "code"), which
TAESA has voluntarily chosen to adopt and publicize, as a concrete expression of its
purposes related to the people whom it has contact with (an "ethical" choice).
The Code is a reference point for everyday work. All actions, in fact, or the relations among
people and with the external world, have an effect on the company, both positive and
negative. Professional integrity, good faith, and respect to the obligations are behaviors
that bring confidence to the company. The violation of these values, recognized by the
community and the market, as well as incorrect or unlawful actions, can cause damage
that is hard to be repaired. Especially damage that harms the company‘s image, which
can affect its reputation and credibility, and put at risk the markets‘, shareholders‘, and
investors‘ trust, as well as the trust of customers, suppliers, and people who work for or would
like to work for TAESA.
Respecting the Code of Ethics and constantly applying its principles can prevent all this.
The Code of Ethics also has the goal of helping people distinguish ambiguous and/or
potentially damaging situations that can emerge during the execution of the activities, but
also relationships or behaviors that are not perfectly clear, and which can involve TAESA in
a negative way.
Truly knowing the Code of Ethics and putting it into practice are both obligations. The
company‘s success and reputation are the result of the individual and joint observance of
the precepts embodied in it.
Application scope and validity
This Code of Ethics is intended for TAESA and its directly and indirectly controlled
companies. Thus, where "TAESA " or "company" are mentioned in this Code, one should
consider Transmissora Aliança de Energia Elétrica S.A and its direct and indirect subsidiaries.
Also, when “TAESA Group” is mentioned, it will designate all the companies that are part of
the group. Ultimately, every time a provision of this Code mentions only one of the
companies of TAESA Group, especially the Group‘s controlling shareholder (Cemig and
Fundo de Investimentos Coliseu), it will be expressly done so.
It is important to point out that TAESA’s behavior criteria towards its stakeholders will comply
with ethical principles that are valid for the whole Group, defined by the majority
shareholder - Cemig and Fundo de Investimentos Coliseu -, as well as with the practices
commonly accepted, when they do not go against the ethical principles recognized by the
Group.
It is mandatory that administrators, employees and all those who work for and on behalf of
TAESA, as well as external interlocutors (when it is expressly mentioned) observe it in their
contractual relationships with TAESA, because it is part of the company‘s set of provisions. In
general terms, though, TAESA wants the stakeholders themselves to spontaneously
recognize the principles on which the Code is based, and share and apply them as the
basis of a reciprocal trust relation.[1]
Structure
TAESA’s Code of Ethics is divided into five Sections, describing as follows:

Terna´s fundamental ethical principles (Section 1);

The required behaviors, especially of the employees, about two topics of the highest
importance: Conflict of interests and integrity of the company´s property (Section 2);

The type of behavior to be adopted in the relationships with stakeholders, gathered in
groups, based on the general principles defended by Terna Group (Section 3);

Commitments deriving from the principles presented in this Code, and the behaviors
required by Terna in relation to determined stakeholders (Section 4);

The Code´s action rules and the reference people, in charge of updating and gathering
information, as well as providing any further information relating to this Code of Ethics
(Section 5).
[1]
Stakeholders, or "bearers of interest", are all those who directly or indirectly relate to
TAESA, such as shareholders, employees, contributors, customers, and business partners,
including the authorities Terna reports to in its operation. More generally, a company‘s
stakeholders are all the people whose interests influence or are influenced by the effects of
the company‘s activities.