Maria Ximena Garcia Roche: “Integrity is a much wider concept than compliance”
The integrity and compliance manager at Camargo Corrêa’s construction division walked us through the company's compliance efforts since the Lava Jato scandal.
Leaders League: Marcelo Cordaro took over as CEO of Camargo Corrêa Infra (CCINFRA) in February 2020. How has this affected CCINFRA’s direction, especially from a compliance/anti-corruption perspective?
Maria Ximena Garcia Roche: Marcelo Cordaro has vast experience as a corporate consultant and executive in diverse industries, including infrastructure. His vision is fully aligned with CCINFRA’s values – transparency, integrity, integration, excellence and respect – and mission. Therefore his guidance as CEO gives continuity to the company’s direction and strategy. With regards to compliance and integrity, he reinforces on a daily basis, throughout his activities as CEO, the importance of CCINFRA’s Integrity System and the company’s commitment to performing its activities with the highest ethical standards.
In 2017, Construções e Comércio Camargo Corrêa (CCCC) created Camargo Corrêa Infra (CCINFRA) to oversee all projects not under the Lava Jato anti-corruption problem, while projects under investigation would remain with CCCC. How has this split worked out, and do the compliance procedures and protocols differ between CCCC and CCINFRA?
The split has worked out very well. CCINFRA was created in October 2017 as a wholly owned subsidiary of CCCC, with the objective of being the new vehicle in the infrastructure sector. This reorganization resulted in the segregation of previous projects belonging to CCCC from projects pertaining to CCINFRA – maintaining full transparency.
CCINFRA has a strong corporate governance structure, comprised of four executive boards (reporting directly to the CEO) and six board committees. With regards to protocols and procedures, CCINFRA preserves full autonomy in establishing its own protocols and procedures (technical, operational and compliance-related) in order to conduct its activities, thereby differing from those of CCCC.
Could you outline CCINFRA’s efforts to avoid a scandal like Lava Jato in future?
CCINFRA has a robust Integrity System that permeates throughout the company as a whole, reflecting the company’s commitment to doing the right thing and leaving a positive legacy. Integrity is part of the DNA of each professional at CCINFRA. The Integrity & Compliance department is independent and reports directly to the CEO, and we are committed to working not only on compliance with legislation, rules and procedures, but also on integrity. Integrity is a much wider concept that precedes any action and transcends the company’s boundaries. We strongly believe that the combination of these elements can prevent corruption, fraud and deviations from ethical conduct.
Many major Brazilian companies are under the spotlight for their troubling record on social and environmental responsibility. What measures has CCINFRA put in place to address social and environmental issues?
Over its eight decades of history, CCCC has been known for its commitment to society and the environment. CCINFRA’s strategy is related to sustainable development and social responsibility, seeking not only the development of our business, but also leaving a positive legacy for the future. We carefully get to know the places where we’ll perform our work, in order to anticipate risks and problems and promote social integration, so as to develop and manage a sustainable project with integrated solutions and support for the vulnerable community.
Moreover, due to our commitment to having a sustainable business throughout time, CCINFRA believes that a strong ESG proposition will create even more value to our business. Therefore, we are taking into account ESG principles, among other criteria, in order to review our current protocols and procedures.
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