The Hera Shareholders' Meetings are generally well attended by shareholders; at the last meeting held present, while at the meeting held on 21 October 2009, shareholders representing 62.8% of the share capital were present. 122 Diversification and fragmentation of the shareholder structure, transparent, clear governance supported by the Code of Ethics and the Code of Conduct and, lastly, evolved, timely, symmetrical financial communication have been the basis for over seven years of management without the governance problems which have affected other companies in the sector.