Braskem was created according to the most modern practices in Corporate Governance, based on the principles of ethics, transparency and integrity towards our Clients, Team Members, Shareholders and Suppliers and all other audiences the company associates with.
From its incorporation in 2002, the company has reaffirmed its commitment to sustainability and governance and now prioritizes goals and actions subject to the ESG concept that encompasses the Environment, Sustainability and Corporate Governance.
Principles of
Corporate Governance
Integrity
Ensuring ethical integrity permeates all governance systems in internal and external company relations
Transparency
Being transparent in information provided, going beyond those minimum mandatory requirements, as a result promoting spontaneous, frank, precise and rapid communication
Perpetuity
Ensuring that governance agents protect the perennity of the company, incorporating a more comprehensive business strategy, taking sustainable development principles into account
Equality
Rendering interested parties fair and equal treatment
Responsibility
Requiring governance agents (Administrators, Audit Board Members and Auditors) to be fully accountable to those who elected them for their acts while exercising their mandates
Ethics
Acting in compliance with regulatory standards, whether legal, statutory or regimental
Corporate Governance Model
GENERAL SHAREHOLDERS' MEETING
Fiscal
Council
Administrative
Council
Strategy, Communication
and ESG Committee (CECESG)
Braskem Business
Leader
People and Organization
Committee (CPO)
Independent
Audit
Directorship
Finance and Investment
Committee (CFI)
Internal
Audit
Disclosure
Committee
Global Sustainable
Development Committee
Statutory Compliance and
Audit Committee (CCAE)
Compliance VP
Ethics
Committee
Fiscal
Council
Administrative
Council
Braskem Business
Leader
Strategy, Communication and
ESG Committee (CECESG)
Directorship
People and Organization
Committee (CPO)
Global Sustainable
Development Committee
Finance and Investment
Committee (CFI)
Disclosure
Committee
Statutory Compliance and
Audit Committee (CCAE)
Independent
Audit
Internal
Audit
Compliance VP
Ethics
Committee
CORPORATE GOVERNANCE AREA
Braskem Compliance System
The Braskem Compliance System is focused on increasing business security and protection. The key goal is to perfect and strengthen compliance with business practices and processes. This set of measures seeks to systematically prevent, detect and remedy, the occurrence of unethical or illegal conduct or that not in line with policies and procedures, favoring an environment of a commitment towards that which is correct and where misaligned values and practices are not permitted.
All Braskem team members are responsible for implementing the Compliance System. The Governance organization aligned with the Policies ensures compliance on all company levels and with the three pillars of Prevention, Detection and Remediation.
LEADER
DETECT
REMEDIATE
PREVENT
Governance
for Compliance
1
Policies and Other
Guideline
2
Assessment of Risks
and Controls
3
Communication
and Education
4
Compliance
of Third Parties
5
Engagament in
Collective Actions
6
7
Managment of the
Ethicts Line Channel
8
Monitoring of Risks
and Controls
9
Remediating Risks
and Stranghening
Controls
10
Disciplinary
Measures
Ethics Line
Braskem's exclusive portal allows secure communication so that our members, suppliers, third parties, customers and other stakeholders can responsibly contribute with information to maintain a safe, ethical, transparent and productive corporate environment
Braskem is committed to practicing transparent and responsible management. The main objective of Braskem's Code of Conduct is to establish the principles, values and standards that guide the business conduct of Team Members in their internal and external relationships. Braskem also has a Third Party Code of Conduct, which focuses on relationships with suppliers and partners.
With the aim of disseminating and strengthening the culture of compliance in the Company's practices and processes, Braskem Team Members receive periodic and mandatory training, which ratifies their responsibilities on topics related to the conduct expected in the execution of their job functions and Compliance topics, reflected in internal Guiding Documentation: Code of Conduct, Business Courtesies, Conflicts of Interest, Anti-Corruption.
Specific training activities are also carried out for members of the Company's Board of Directors, areas most exposed to risks related to corruption, and Third Parties, to raise awareness and understand their commitment to risk mitigation.
Braskem also has a Compliance Ambassador Program, which collaborates with and supports the Compliance area in this mission. The objectives of this program are:
To improve communication and synergy between Braskem's areas
To facilitate faster and better understanding when dealing with Compliance issues in the respective areas
To support the dissemination of topics and information related to Compliance throughout other areas of Braskem
To further support Leaders and other members of each region with general and operational Compliance information
To support proposals for Compliance process and flow improvements applicable in each region and business area.
Communication
Stay tunned
Braskem has a specific channel for investor relations, where it publishes its Policies, Bylaws, financial results and advances in the ESG agenda both through quarterly reports and through annual corporate performance and sustainability reports.
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