Corporate Governance Report

The Board has drawn up the following report corresponding to the degree of application of the principles set out in the Code of Corporate Governance for the fiscal year ended December 31, 2019 pursuant to the CNV Rules (Sect. 1, Title I, Chapter I of Part IV), in accordance with the text restated in 2013, as amended by CNV General Res. No. 797/19.

A. The Board of Directors’ Functions: Principles i through v – Practices 1 through 5
B. Board of Directors’ Chair and Corporate Secretary’s Office: Principles vi through viii – Practices 6 through 10
C. Composition, Nomination and Succession of the Board of Directors: Principles ix through x – Practices 11 through 14
D. Compensation: Principle xi – Practices 15 through 16
E. Control Environment: Principles xii through xvi – Practices 17 through 21
F. Ethics, Integrity and Compliance: Principles xvii through xviii – Practices 22 through 24
G. Shareholder and Stakeholder Participation: Principles xix through xxii – Practices 25 through 29

Notes

(1) For further information, see Practices 22 and 23 in this Corporate Governance Report.

(2) For further information, see ‘C. Composition, Nomination and Succession of the Board of Directors’ of this Corporate Governance Report.

(2) For further information, see Practice 9 in this Corporate Governance Report.

Glossary of Terms

 

Term Definition Term Definition
Board of Directors/The Board Board of Directors/The Board FS Financial Statements
Bylaws Pampa Energía’s Bylaws Government /
National Administration / Federal Government
Federal Government of the Republic of Argentina
ByMA Bolsas y Mercados Argentinos (Buenos Aires Stock Exchange) NYSE New York Stock Exchange
CEO Chief Executive Officer Pampa / the Company /

the Group / the Issuer

Pampa Energía S.A. and its subsidiaries
CFO Chief Financial Officer QSELH Quality, Safety, Environment and Labor Health
CMA Capital Markets Act No. 26,831 Res. Resolution(s)
CNV Comisión Nacional de Valores (National Securities and Exchange Commission) SEC Security and Exchange Commission
Code Pampa’s Code of Corporate Governance Sect. Section(s)