Compliance

The commitment to an ethical, integral and transparent action begins on Braskem’s Board of Directors and should extend to all Members of the company. Continued support and commitment of leadership to good conduct are indispensable conditions for the promotion of a culture of ethics, integrity and transparency and respect for the laws, which must be strengthened and implemented at all levels of the company. By acting with ethics, integrity and transparency, leadership inspires other Members to act in accordance with these same principles, forming the basis of an effective compliance system.

With the objective of disseminating and strengthening the compliance culture in the Company’s practices and processes, Braskem’s members receive periodic and mandatory training, where their responsibilities are ratified in matters related to the expected Conducts in the performance of their functions and Compliance themes, reflected in the internal guidelines: Code of Conduct, Business Courtesies, Conflicts of Interest, and Anti-Corruption. Additionally, specific training activities are also carried out for members of the Company’s Board of Directors, teams with greater exposure to corruption-related risks, and Third Parties, to raise awareness and understanding of their commitment to risk mitigation.

Braskem also has a Compliance Ambassadors Program, which also collaborates and supports the Compliance area in this mission. The objectives of this program are:

  • Improving communication and synergy between Braskem’s areas;
  • Greater speed and better understanding for handling Compliance issues in the respective areas;
  • Support to Braskem’s areas in the multiplication of topics and information related to Compliance;
  • Support to Leaders and other members of their locality in general and operational Compliance information;
  • Support with proposals for improving the processes and flows related to Compliance applicable in your location/area.

 

Our compliance governance is structured as follows:

Statutory Compliance and Audit Committee – CCAE

The Company’s Statutory Compliance and Audit Committee is in compliance with CVM Resolution 23/2021 and the rules of the Sarbanes-Oxley Act (SoX) and has, among its main duties, to ensure the follow-up of Braskem’s internal controls and exposure to risks, in addition to supervising the quality and integrity of the financial statements and financial reports, the activities of the independent auditors regardless of the attributions conferred to the Fiscal Council.

The current structure of the CCAE is as follows:

CCAE – Statutory Compliance and Audit Committee Position Independent*
Gesner José de Oliveira (Committee Coordinator) Board Member Yes
André Amaro da Silveira Board Member Yes
Charles Lenzi Board Member Yes
José Écio Pereira da Costa Junior External Member Yes
Maria Helena Pettersson External Member Yes

The members of the CCAE complied with the independence of CVM Resolution No. 23, of February 25, 2021

*According to the rules detailed in the section “Overview” of the Corporate Governance

Chief Compliance Officer (CCO)

Braskem’s Chief Compliance Officer (CCO) is responsible for the daily monitoring of the Compliance System and acts as a resource in all related matters. The Compliance area encompasses the following fronts: Compliance, Internal Controls, Corporate Risk Management and Internal Audit. The CCO responds to the Board of Directors and is led by the Coordinator of the Compliance Committee, seeking greater independence and autonomy in the conduct of its activities.

Ethics Committee

Braskem’s Ethics Committee aims to support the Compliance Committee of the Board of Directors in the application of the rules of compliance in the Company, as well as in the evaluation of issues that involve violations of the commitment to act ethically, integrity and transparency in the Company.

Compliance System

The Compliance System supports the Members, aiming at the effective compliance between the commitment and the ethical, integral and transparent action.  It consists of a set of measures to prevent, detect and remedy Risks that do not conform to an ethical, integrated and transparent action. The Compliance System must be implemented by the Leaders in all activities and operations of the Company, and must be monitored systemically by the Board of Directors.

Click here to access Braskem’s Bylaws and Policies.