Luís Simões establishes pioneering Code of Ethics and Conduct in the sector at the Iberian level

Code of Ethics and Conduct pioneering in its sector of activity, aimed at regulating business relations within a demanding regulatory framework

Luís Simões, has just created the Compliance and Risk Management Department, a decision that is seen as an exercise in transparency and corporate governance. The new department's mission is to ensure the implementation and effectiveness of a Compliance Program, in the pursuit of compliance with legal requirements, regulatory requirements and in accordance with LS's internal policies and practices.

Since its inception, LS has prioritized legal compliance, risk management and ethical principles in all of its practices. The new department aims to keep alive the culture of commitment of excellence and ensure the correct functioning of the Internal Control Systems of the LS group, seeking to reduce the risks inherent in the complexity of each business.

One of the first projects of the Department of Compliance and Risk Management was the creation of the Code of Ethics and Conduct LS, making Luís Simões the first company in the sector, in the Iberian level, to have a regulatory register of this type, which intends to act According to the most demanding standards. Situation of fraud, corruption, bribery, disrespect of human and labor rights, environmental damages or other illegal and unethical practices are some of the topics considered.

In order to ensure a broad view of all processes in this field, LS has appointed a Compliance Committee formed by several functions of the company, whose main objective is to control the implementation of the Compliance Program to be implemented, and to assist the Board of Directors. Management in fulfilling its supervisory responsibilities. To ensure the correct performance of these commitments, Pedro Ventura, Process and Compliance Officer was appointed as the new Chief Compliance Officer, reporting directly to Rui Simões, Administrator of the area of ​​Innovation, which includes this Directorate in an organic manner.

According to José Luís Simões, President of Luís Simões, "the launch of this new organizational area is a step forward in our commitment to transparency and business ethics, indispensable values ​​for organizations like ours, which seek to be recognized in the market for the reliability of their Processes and ethics in its relations with all its agents. "