Governance & Compliance
Board Of Directors
PPI’s Board of Directors meets regularly to discuss, review and report on the business plans of the Company.
Main Responsibilities:
Evaluate the company’s performance in accordance with its strategy, purpose, business plan and budget.
Approve the Annual Report of the Corporation.
Approve any major changes to the Company’s corporate structure, management and internal control.
Approve any significant changes within the accounting policies or practices.
Appointment or removal of the Corporate Secretary.
Any other matters outside the scope of the powers and authority of the main shareholder (Pemex), the Chairman or Delegates to the Board of Directors.
Quality Management System
PEMEX Procurement International, Inc. has been an organization dedicated to quality since it was founded. In July of 1996, our Quality Management System (QMS) obtained the ISO-9002 certification from DET NORSKE VERITAS (DNV). During successive versions of the ISO 9001 Standard, PPI has continued transitioning and improving its QMS and, has remained certified up to date with the current ISO 9001:2015 version of the Standard.
The implementation of this International Standard in the day-to-day operations allows PPI to maintain good management practices that aim to improve the quality of the services it provides to its clients. Compliance with the QMS and current certification are maintained by regular internal audits as well as audits conducted by DNV.
PPI is committed to customer satisfaction by providing timely, effective, ethical and innovative services and to their continuous improvement.
Audit Committee
The Audit Committee meets regularly aiming to assist the Board of Directors in fulfilling its responsibilities in relation to internal control and financial reporting, and carries out certain oversight functions on behalf of the Board. The Committee is authorized to investigate or order the investigation on the issues it deems appropriate.
Pemex Cumple
At PPI we continue the efforts to keep conducting our business operations transparently in accordance with the best practices and with the highest business standards.
The Pemex Cumple Program seeks to mitigate the risks from breaches, generate ethical networks with our suppliers, market contractors, investors and improve trust in the company.
Therefore, we have joined the transformation process that Pemex has undertaken, and we are committed to acting in accordance with institutional values, ethical principles, transparency, compliance and zero tolerance for acts of corruption, which includes results-oriented initiatives that will strengthen PPI in an increasingly complex and demanding environment in order to achieve the objectives that have been entrusted to us.
PPI upholds its Codes of Ethics and Conduct which represent the Corporation’s values and the expected behaviors of PPI’s employees, officers, and Board of Directors. These documents may be of interest to our customers, suppliers, subcontractors and other interested parties.
A process that allows the identification of weaknesses or gaps within the integrity programs that represent risks of corruption, in integrity, or the corporate integrity of Third Parties with which PEMEX maintains or is intending to maintain any kind of commercial agreement, to establish mitigation measures to prevent and smooth those risks.
For Petróleos Mexicanos and its Companies, it is a priority that corruption practices do not materialize in its commercial agreements with Third Parties. This will allow the restoration of society's trust in the company and improve its reputational perception.
Due Diligence in Ethics and Integrity
Is an evaluation mechanism that allows us to know our Third Parties reputational background, commitment to ethics, anti-corruption issues and the levels of implementation within their own corporate integrity programs.
PPI is committed to establishing best practices, responsibilities and prohibitions with the objective of preventing corruption, bribery, money laundering and terrorist financing, among other actions related to Acts of Corruption.
These Policies with a risk-based approach, determine, among others, actions against Acts of Corruption, as well as the guidelines that allow PPI Personnel to identify such acts and how to confront and prevent them.
These Policies and Guidelines are of general application and mandatory observance for PPI Personnel, as well as for Third Parties acting on PPI’s behalf.
Reporting misconduct must serve to create and maintain a culture of ethics within our Company and for Third Parties.
The information collected will be channelled to the areas with the power to know, investigate, and where appropriate sanction misconduct.
