The Federal Public Prosecutor’s Office (MPF) recognizes Braskem’s advances and ends monitoring

The Federal Public Prosecutor’s Office recognized the improvements achieved by Braskem’s compliance program and decided to end the external monitoring that still affected the company. The decision was based on the certification of independent monitors who attested: the fulfillment of all obligations undertaken in the Leniency Agreement signed between the MPF and Braskem in 2016 and the implementation of all recommended additional initiatives. During the independent monitoring process, the company established policies and procedures, implemented anti-corruption controls and mechanisms to ensure the adequacy and effectiveness of integrity practices, preventing the occurrence of illicit acts and privileging ethics and transparency in the conduct of its business, which were thoroughly evaluated and tested by the monitors.

” We complied with all the requirements of the agreement and the recommendations of the monitors because we genuinely believe in improving the governance and compliance environment that they bring. The controls and processes implemented by Braskem are not just for prevention. They are fundamentally important in the company’s day-to-day activities, serving as a basis for all executive decision making, creating a culture of integrity that makes our employees and partners proud, “says Everson Bassinello, Audit, Risk and Compliance director Braskem.

The effectiveness certification of Braskem’s compliance program issued by the monitors and attested by the MPF is in line with the company’s commitment to acting with ethics, integrity and transparency in all its actions, improving its systems and processes and contributing to the improvement of general compliance and governance practices. The company awaits the certification of effectiveness of Braskem’s compliance program also by the US Department of Justice and the SEC, the regulator of the American capital market.