Corporate governance underpins the sustainable development of the business. Aquila has adhered to the Corporate Governance Code issued by the Bucharest Stock Exchange (the “Code”) and complies with almost all its provisions. For details on company compliance with the Code, see Annual Report 2021. For the full text of the Code, please refer to it on the website of the Bucharest Stock Exchange, www.bvb.ro, section "BVB regulations".

The company’s code of conduct forms the foundation of a corporate culture that is based on integrity. Aquila is committed to promoting integrity, good corporate governance and the highest ethical standards.