The governance structure of Corpoelec (state-owned electricity corporation) is a perfect example of the socialist model of management. It emphasises the participation of communities and workers, and the board of directors comprises the following: - Chairperson (Minister of Energy and Petroleum); - two worker representatives - three members of the communal council (representing all sectors of the community); - The shareholder assembly decides on the composition of the board, and appoints the shareholder representatives.