Since 2007, Siemens has consistently applied a rigorous system of transparency and integrity (internationally known as the Compliance System). This system aims to ensure compliance to principles, codes, laws and conducts, in order to combat fraud and organizational deviations, providing greater transparency to its shareholders and becoming a worldwide reference in business ethics. The commitment of Siemens against misconduct refers not only to the present and future but also the past.
Interview with Paulo Ricardo Stark,
CEO and President of Siemens Brazil
“Siemens will also be perceived as a pioneer in integrity”
Open letter from Siemens Brazil’s CEO
Siemens signs an agreement with the District Attorney’s Office of the State of São Paulo and establishes the cooperation process involving investigations in the metro-railroad sector.
The Compliance System in Brazil
We implemented and live by a rigorous set of rules aimed at creating an ethical and transparent corporate environment.
Timeline of the evolution of facts
Through the timeline, stay up to date on the development of the theme that led to Siemens’ whistleblowing.
“Compliance is not just a program; it is a fundamental tool for sustainable business.”
Joe Kaeser – President and CEO of Siemens AG
CEO letter to the public
Siemens signs agreement with the São Paulo State Prosecutor’s Office
This is to let you know that Siemens Ltda. has taken yet another important step that reinforces the seriousness of our commitment to integrity, transparency and compliance: We signed a cooperation agreement with the Department of Justice of the State of São Paulo.
This agreement provides for close collaboration of our company with the Public and Social Property Prosecutors in the state's capital in their ongoing investigations to ascertain the existence of a potential cartel and the occurrence of other potential illicit acts in Brazil’s subway and railway sector. The document officially ratifies our collaborative attitude towards these investigations and our interest in determining, in an exact and transparent manner, the responsibilities for these eventual irregularities.
You all know that it was Siemens Ltda’s voluntary, pro-active self-disclosure to the Administrative Council for Economic Defense (CADE) that gave rise, first to investigations by CADE, and later, by a series of other authorities. These actions were a result of our non-negotiable commitment to clean business in conformity with our values and the Compliance Program adopted globally in Siemens in 2007.
Some of you may have asked yourselves whether it has been advisable for our company to follow this path. In fact, our company has suffered, and continues to suffer, from some of these actions. There are daily press releases covering the topic, and not all of them are favoring and celebrating our approach. This is the price you pay for being a pioneer. We are doing so because this is the right thing to do, as we are committed to defending clean business and ethical behavior. That means strong stance against improper conduct or behavior, be it in the past, present or future.
Corruption slowly destroys the sustainable growth capacity of any country and ends up rewarding inefficiency, reducing free competition and investments companies would otherwise make towards production, research, technology and creating jobs. We need to break this vicious circle once and for all, through open and transparent attitudes, demonstrating willingness to correct mistakes that some people committed and that may have been tolerated in the past.
The agreement officially ratifies our collaborative attitude and is another solid step towards resolving the matter. With this action and our self-disclosure to CADE, we are breaking away from these unacceptable practices that compromise our country's development.
We believe that through our cooperation with public authorities, Siemens can make a key contribution to building a more ethical country and fostering fair competition among companies, free from unlawful and illegal practices, in the same way that ethics and transparency have become a part of the everyday life in our company.
Paulo Ricardo Stark
President and CEO of Siemens Brazil