Zero-Tolerance Anti-Fraud and Corruption Policy Launched by Greenland Group

In a landmark move to promote transparency and accountability, Grupo Empresarial GreenLand has introduced its Anti-Fraud and Corruption Policy. This policy aims to prevent and detect fraud, corruption, and bribery within the organization, fostering a culture of integrity and ethical behavior among all employees.

Key Responsibilities

The policy outlines key responsibilities for various departments within the organization:

• Audit and Finance Committee:
  • Requests investigations into fraud, corruption, or breach of ethics
  • Follows up on complaints
  • Ensures action plans are implemented
• President:
  • Defines policies and mechanisms to prevent and resolve fraud and corruption risks
  • Reviews reports
  • Provides necessary resources
• Administrative Management:
  • Establishes awareness programs
  • Trains employees
  • Reports fraud and corruption incidents to the internal audit department
• Internal Audit Department:
  • Conducts audits
  • Investigates fraud reports
  • Submits regular reports to the President and Audit Committee
• Fraud and Corruption Analysis Committee (CAFC):
  • Analyzes fraud and corruption incidents
  • Recommends corrective actions
  • Ensures compliance with regulations

Types of Fraud

The policy defines various types of fraud, including:

• Misappropriation of assets
• Theft of assets
• Fraudulent reports
• Computer fraud

Types of Corruption and Bribery

The policy also outlines various forms of corruption and bribery, including:

• Making and receiving illegal payments
• Conflicts of interest
• Manipulating purchases/bids, tenders
• Asset laundering and terrorist financing

Zero Tolerance

Grupo Empresarial GreenLand has a zero-tolerance approach to fraud, corruption, and bribery. The organization is committed to ensuring a culture of integrity, transparency, and accountability among all employees.

Implementation and Compliance

The Anti-Fraud and Corruption Policy will be implemented through:

• Regular training sessions
• Awareness programs
• Reporting mechanisms

Employees are encouraged to report any suspected incidents or irregularities to the internal audit department.

With this policy in place, Grupo Empresarial GreenLand is taking a significant step towards ensuring ethical business practices and maintaining public trust.