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Ethics and transparency, equality in relationships with different audiences and accountability, through instruments for monitoring administrative acts, are the basis of our corporate governance model and fundamental instruments for sustainable growth and the credibility of Engibras.
Our governance system entails the separation of executive, advisory, strategic planning and control activities. Our management model has few hierarchical levels, which favors quick decision making and administrative flexibility.
As part of the governance strategies, we have mapped and monitored the various risks that may impact our operations, our economic and financial results and our institutional image. As a result, we have developed actions to minimize the effects of unexpected events on internal processes, project execution, contract development and cash flow.
We keep four risk groups under constant monitoring:
Related to the company's strategy, image, reputation and governance
Related to business performance and monitoring
Related to processes, the recognition of income and expenses and the safeguarding of assets
Related to the capital structure, guarantees to face commitments and fluctuations that may impact economic and financial stability and cash flow
It consists of at least three active members. Under their guidance, the risks to which the company is subject – including those external to the contracts – are identified, analyzed, quantified and documented, adopting measures that prevent the occurrence of deviations or mitigate their consequences. The Committee’s main duties include:
The Compliance team is responsible for ensuring the compliance of internal procedures with the standards and good practices defined by Engibras, as well as ensuring the adequacy and functioning of the control system. The compliance team answers to the Company’s Board of Directors, and is composed of representatives from the various corporate sectors.
The Compliance structure works on mapping risks and supervising compliance with laws, regulations, policies and guidelines. Once deviations or shortcomings are identified, the area assists in the review of existing controls and the establishment of a timetable and corrective measures.
Our governance system entails the separation of executive, advisory, strategic planning and control activities. Our management model has few hierarchical levels, which favors quick decision making and administrative flexibility.
Refer to the documents that support Engibras’ Compliance Policy.
As an inspection body, it promotes the auditing of management and operation processes, in order to ensure compliance with internal policies and procedures. It is also responsible for validating the efficiency and effectiveness of the controls established by the Executive Board for the Compliance area, through the issuance of a report on conformities and nonconformities. The body acts in line with the Audit and Risks Committee. Our governance system entails the separation of executive, advisory, strategic planning and control activities. Our management model has few hierarchical levels, which favors quick decision making and administrative flexibility.
