Transparency with all its customers and integrity as an essential principle of action and professional ethics are the two key axes on which Ineco’s activity is based.

Firmly committed to its environment, the company has maintained  its adherence to the ten principles of the United Nations Global Compact since 2008, based on respect for and promotion of human, labour, environmental and anti-corruption rights. This decalogue is part of the corporate culture of Ineco, which applies it in its daily activity and integrates it in the services it provides.

1. REGULATORY FRAMEWORK. INTEGRITY STANDARDS

In its commitment to sustainability, Ineco not only complies with the current laws of each country in which it operates, but also of prevents, promotes, facilitates, corrects and supervises that all its professionals act in accordance with the main international standards, legal framework, corporate values and social demands in force at any given time.

For this, Ineco has Integrity, Transparency and Commitment Standards, which contain all the policies and standards that govern the ethical behaviour of the company with its stakeholders:

  • Corporate Responsibility Policy
  • Code of Conduct
  • Environmental and Quality Policy
  • Zero Tolerance Policy on Corruption
  • Information Truthfulness and Transparency Policy
  • Harassment Policy
  • Comprehensive Safety Policy

These Standards also include applicable procedures and operating methods to ensure the consistency of Ineco in all its activities and are managed by the Ethics Committee to ensure compliance.

These policies, standards and procedures, enforced by managers and employees, are available on the intranet.

For 2018, an effort will be made to update and disseminate the Standards of Integrity, Transparency and Commitment to adapt them to new trends and increasing legal requirements.

Furthermore, the Organisation and Management Model for Crime Prevention, which groups together Ineco’s procedures to prevent risks of criminal misconduct and is managed by the Compliance Committee, is also operational.

1.1. Corporate Responsibility Policy

Ineco incorporates social, labour and environmental aspects in its strategy and management to help develop and improve the society in which it operates:

COMMITMENTS

1.2. Code of Conduct

Ineco has a set of rules of conduct that define corporate culture that are assumed and implemented to achieve ethical and responsible management in the development of the services and products it offers, and in the relationships it establishes with different interest groups.

Principles

1.3. Compliance Programme

neco adopts corporate compliance as an essential part of its corporate culture. The company has a Compliance Programme that integrates processes and policies aimed at preventing and avoiding actions that are contrary to the law, and which enables the detection and management of risks of non-compliance with internal and external regulatory obligations in its business area.

This entails implementing the appropriate management and control measures to prevent crimes from being committed.

The company created a compliance body consisting of executives with sufficient authority and independence who represent all its sectors.

It is in charge of analysing with rigour, objectivity, independence and confidentiality the facts or behaviour allegedly occurring outside the ethical standards of society and that could generate a risk of criminal charges. It is also responsible for maintaining a proactive prevention and training policy on compliance at all levels of the company.

This programme is channelled through three instruments to ensure that the company acts in accordance with current laws and regulations, as well as internal principles and standards:

  • Prevention instruments: for identification within Ineco’s activity and risk situations; creation of an organisation and management model for the prevention of criminal charges; approval of a Catalogue of Prohibited Behaviours and the Ineco Code of Conduct.
  • Control instruments: to verify the existence of adequate internal and/or external control instruments, which continuously monitor compliance with the internal regulations established to prevent irregular crimes or conduct from occurring and ensure their protection. These instruments are the Compliance Committee and the channel of complaints and queries addressed to the Compliance Committee, available to all Ineco staff.
  • Disciplinary instruments: In order to ensure proper control of compliance with the rules of conduct established by the company, the catalogue of internal sanctions affecting all employees and managers of Ineco is revised to suit the monitoring and control programme.

A channel of complaints and queries that is easy to access and available to all employees has been incorporated in the company’s intranet.

Relations with suppliers and business partners have also been strengthened to demand a standard similar to Ineco’s in Compliance and to ensure that its practices, even in countries outside the EU, are sufficient to ensure correct behaviour.

Finally, a training plan on Compliance was established on a permanent basis, aimed reinforcing the knowledge and ethical commitments of all employees with Ineco and with third parties and the consequences of violating such commitments, both for Ineco’s workers and for the company itself.

2. GOVERNANCE MODEL

Ineco has the necessary governing bodies to ensure that its values and management model reach all areas and disciplines of the company. The governance model is determined by the strategy and current organisation, depending on company needs.

The president of Ineco is the head of the Board of Directors, Management Committee and Ethics Committee.

Board of Directors

The Board of Directors of Ineco is responsible for making decisions and agreements on strategic issues, formulating accounts, approving budgets and other proposals raised by the president. It also keeps track of the company’s activity.

Composition of the Board as of December 2017
PRESIDENT (DIRECTOR)
Mr. Isaac Martín BarberoPresident of Ineco
DIRECTORS
Mr. Ángel Luis Arias SerranoChief Executive Officer of Enaire
Mr. Juan Alfaro GrandeChairman of Renfe Operadora
Ms. Belén Bada de ComingesDeputy Director for Legislation of the General Technical Secretariat of the Ministry of Public Works
Mr. Manuel Martínez CepedaTreasury Manager of Adif
Mr. Francisco Gijón RomeroDeputy Director of Information Technologies and Electronic Administration. Inspectorate General for Public Works. Ministry of Public Works
Mr. Jesús Antonio Pérez BlancoDeputy Director of Airports and Air Navigation. General Directorate of Civil Aviation. Ministry of Public Works
Mr. Julio Manuel Poyo-Guerrero RodríguezMember of the Board of Directors of the Technical Secretariat of the Delegate Committee for Economic Affairs. Head of Government Economic Office
Mr. José Luis Rodríguez CastroCIO of Enaire
Ms. Concepción Crespo AsenjoTechnical Director Adif’s Cabinet Office
Mr. Miguel Ángel Carrillo SuárezDeputy Director of Services and Works Inspection Inspectorate General for Public Works. Ministry of Public Works
Mr. Antonio Sánchez BustamanteDeputy Director of Commercial Policy with Ibero-America and North America. Ministry of Economy and Competitiveness
Mr. Juan Pablo Villanueva BeltraminiHigh Speed Construction Manager I of Adif
Mr. José Salvador Trigueros RodrigoChief Executive Officer of Cedex
Mr. Fernando Ignacio Ayres JaneiroAdvisory Cabinet Minister. Ministry of Public Works
NON-BOARD MEMBER SECRETARY:
Ms. Almudena de la Peña RoblesDirector of Legal & Compliance of Ineco

Dismissals and appointments during 2017

Board of directors of Ineco


Extraordinary universal general meeting (10-02-2017)

DismissalAppointment
Mr. Jesús Silva Fernández
(Effective as from 13 February, 2017)
Mr. Isaac Martín Barbero
(Effective as from 13 February, 2017)
Mr. Ignacio Garay ZabalaMs. Paloma Iribas Forcat
Mr. Joaquín López Vallés Mr. Julio Manuel Poyo-Guerrero Rodríguez

Extraordinary universal general meeting (18-05-2017)

DismissalAppointment
Mr. Ignacio González Sánchez-

Ordinary universal general meeting (09-06-2017)

DismissalAppointment
Mr. Juan Bravo RiveraMs. Concepción Crespo Asenjo
- Mr. José Luis Rodríguez Castro

Extraordinary universal general meeting (19-10-2017)

DismissalAppointment
Mr. Miguel Ángel de Lera LosadaMr. Miguel Ángel Carrillo Suárez
Ms. Rocío Frutos IborMr. Antonio Sánchez Bustamante
Mr. Agustín Fernández Sanz Mr. Juan Pablo Villanueva Beltramini
Ms. Paloma Iribas Forcat -
Mr. Mariano Navas Gutiérrez -

Extraordinary universal general meeting (14-12-2017)

DismissalAppointment
-Mr. José Salvador Trigueros Rodrigo
-Mr. Fernando Ignacio Ayres Janeiro

Shareholders’ Meeting

The Company’s deliberative body is the Shareholders’ Meeting. Its agreements, legitimately adopted, are binding upon the Company and all of its shareholders.

Audit and Control Commission

The main role of the Audit and Control Commission is to support the Board of Directors in its supervisory tasks.

Management Committee

The Management Committee is the highest internal decision body of the company. It meets weekly and it is responsible for the implementation and development of the strategic guidelines approved in the Board of Directors meeting.

As of December 2017
MemberPosition
Isaac Martín-BarberoChairman
Ignacio Fernández-CuencaManaging Director of Development and Sustainability
Ana RojoManaging Director of Production and Engineering Solutions
María Sánchez-PalomoManaging Director of Operations
Eva PulidoManaging Director of Transformation, Internationalisation and Innovatio

Ethics Committee

The Ethics Committee is responsible for supervising compliance with corporate integrity standards, proposing preventive or corrective actions in relation to their possible non-fulfilment, evidence, where appropriate, and updating and internal dissemination of the code of conduct, as well as its interpretation in case of doubt.

Other bodies

Ineco also has other management bodies of the company such as the Trade Committee, Operations Committee, Global Opportunities Committee, International Development Commission, Project Monitoring Committee, Innovation and Product Committee and Quality or Delegated Committee, among others. The aim of the company is to create working groups on subjects of special interest and to be able to perform comprehensive monitoring of initiatives and approved plans.

OUR KEY PROJECTS