Corporate Governance
Braskem Idesa is aligned with the internal policy practiced by Braskem and Idesa, supported by three basic principles: ethics, transparency, and respect (with clients, members, shareholders, suppliers and all other stakeholders with which the company relates).
Braskem, the majority shareholder of Braskem Idesa, is a publicly traded company and participates in Corporate Governance Level 1 of the São Paulo Stock Exchange (BM & F Bovespa) since 2003. Outside of Brazil, Braskem shares are also traded on New York Stock Exchange (NYSE) and Latibex - the Latin American section of the Madrid Stock Exchange - and, therefore, are subject to the requirements of the respective regulators, which are, Securities & Exchange Commission (SEC), in the United States, and Bolsas y Mercados Españoles (BME) in Spain.
Braskem was one of the first foreign private issuers (FPI) in South America to comply, in 2005, with the requirements of Sections 404 and 302 of the Sarbanes-Oxley Act (SOX).
Principles of Corporate Governance in Braskem
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INTEGRITY
Ensure that ethical integrity permeates all systems of governance in the internal and external relations of the company
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TRANSPARENCY
Be transparent in the information provided, going beyond the minimum required, promoting, therefore, a frank, accurate and fast communication
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EQUALITY
Give a fair and equitable treatment to stakeholders.
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PERENNIAL
Demand that government agents (Administrators, Fiscal Council Members, and Auditors) respond in full to the one who elected them for their actions in the exercise of their mandates.
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RESPONSIBILITY
Ensure that government agents look after the sustainability of the company, incorporating a broader vision of business strategy and considering the principles of sustainable development.
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ETHICS
Act in accordance with the regulatory norms, be they legal, statutory or regulatory.
Code of Conduct
Braskem Idesa is committed to a transparent and responsible management. The practices are described in the company's Code of Conduct, a guide that establishes the principles, values, and norms that guide the business conduct of members, both in internal and external relationships.
To access the Code of Conduct in its entirety, click here .
To access our Code of Conduct for Third Parties, click here .
Ethics Commission and Ethics Line
Created to record, investigate and promote decisions involving allegations of violations of the Code of Conduct, the Ethics Commission is an important tool to ensure compliance and continuous improvement of processes and internal controls of Braskem Idesa.
The reports are made through the Ethics Line, a channel open to members, clients, suppliers and other stakeholders, to report irregularities in the company's processes. The reports are anonymous and the facts are treated with absolute confidentiality. All reports are carefully and responsibly analyzed, contributing to transparent management and a safer and healthier environment.
To contact the Ethics Line, click here* .
Communication with the Market
Based on these principles, Braskem continuously communicates with the market using as means:
- Annual Corporate Sustainability Report
- Quarterly results reports
- Periodic meetings with analysts and investors
In addition, the company prioritizes proactive communication with the various segments of society and its related stakeholders.
Public Commitment
In 2002, the year of its foundation, Braskem released a Public Commitment with its performance-driven guidelines. It highlights the commitment to sustainable development and the economic and social growth of the regions and communities where it is present.
Braskem Idesa also assumes the commitment published by its majority shareholder, committing itself to follow up and complete compliance with the public commitment.