ALEATICA adopts best practices and advances in national measurement of corporate integrity

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The sustained efforts of ALEATICA to implement best practices of transparency, corporate governance and compliance, were reflected in the result of the measurement of “Corporate Integrity 500” (IC500).
This measurement is prepared jointly by Mexicanos Contra la Corrupción y la Impunidad and Transparencia Mexicana, two leading civil society organizations.

  • The indicators that make up the measurement prepared by Transparencia Mexicana and Mexicanos Contra la Corrupción y la Impunidad indicate that ALEATICA made significant progress in the development, publication and quality of its corporate integrity policies.
  • On the scale of 0 to 100 established by IC500, the ALEATICA score increased by 15.7 points compared to last year. In 2018, it obtained a score of 94.1, the highest among the companies evaluated.
  • The analysis period for the preparation of the measurement concluded in May 2018. As of that date, the company has undertaken additional actions – driven by IFM Investors, its controlling shareholder – to strengthen its compliance practices, corporate governance and transparency.

According to the 2018 edition of the IC500, ALEATICA obtained a score of 94.1, measured on a scale of 0 to 100. This measurement evaluates the existence and publicity of the companies’ corporate integrity policies. ALEATICA obtained the highest score of all the companies evaluated. CONMEX, the subsidiary company of ALEATICA that operates Mexiquense Beltway, obtained the same score.

Regarding the results of last year, both companies reported significant improvements. The ALEATICA score increased by 15.7 points. The CONMEX score grew by 27.4 points.

ALEATICA was recently restructured as a pure infrastructure operator, following the global acquisition of IFM Investors in April of this year. The company announced a series of measures aimed at positioning the company as a benchmark in terms of transparency, good corporate governance and compliance.

Some additional actions of ALEATICA to strengthen the corporate integrity that were executed after the analysis period for this measurement, which concluded in May 2018, include the appointments of a Chief Global Compliance and Risk Management Officer, of the Chief Legal Officer and, specifically in Mexico, the appointment of three additional independent directors to the Board of Directors of the company. The majority of the company’s directors in Mexico are independent.

In September 2018, IFM Investors requested an independent third party for a detailed review of the company’s compliance program, including its internal policies, such as the Code of Ethics and the Anticorruption and Bribery Policy; a collaborative framework for transparent publication, in accordance with the applicable law, of key terms of concessions (subject to the approval of the authorities granting the concessions); and the creation of a mechanism that empowers the Company to request an independent opinion in situations where a potential conflict of interest is identified. The independent directors and members of the Corporate Practices Committee of ALEATICA in Mexico approved the entrance of the Company into a cooperation agreement with IFM Investors, committing to work together to achieve the objectives set.

Although some of these elements would not be reflected through the indicators that currently make up the measurement, they are fundamental elements to continue promoting the full adoption of corporate integrity policies. As such, they reflect the sustained commitment of ALEATICA and its controlling shareholder, IFM Investors, to continue strengthening its transparency, anti-corruption policies and good corporate governance.

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