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This section provides information about Progress Energy's corporate governance principles, responsibilities, structure and internal practices.
The directors of Progress Energy are the representatives of the company’s shareholders and direct the management of the company on the shareholders’ behalf. The shareholders’ main interest is in optimizing the company’s financial success within the bounds of our legal and regulatory system.
The board of directors must also consider the interests of others, including customers, employees, regulators, elected officials, and the communities where the company does business. The board recognizes that these responsibilities can be best met through a sound corporate governance philosophy and through policies and practices that maximize the board’s focus and overall effectiveness. The board will be guided by three principles: integrity, accountability, and independence.
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