The Administration

Its expectations:

  • Quality service for citizens.

  • Commitment to social development and investment in the community.

Ferrovial maintains an on-going dialogue with the local, regional and national governments and public authorities in all the countries where it operates. The demands made by governments and public administrations today primarily focus on achieving the company's commitment to the community in which it operates.

This dialogue is always based on the principle of integrity enshrined in the Code of Business Ethics: "The business and professional activities of Ferrovial and its employees shall be based on the value of integrity and developed in accordance with the principles of honesty, avoiding all forms of corruption and with respect for the particular circumstances and needs of all the parties involved."

Ferrovial prohibits bribes to public authorities and civil servants and forbids its employees from giving or receiving from third parties undue payments of any type as well as presents, gifts or favours outside the scope of market practices or which, as a consequence of their value, characteristics or circumstances, may reasonably alter the commercial, administrative or professional relations to which its companies are a party, which is why Ferrovial makes neither direct nor indirect contributions to political parties.

Ferrovial has a number of different procedures and internal control mechanisms in place to prevent bribery and corruption, which include the following:

  • Investment procedures. These procedures establish the approval and control systems required to conduct large-scale operations that involve amounts of one million euros or more. Operations must be approved on the basis of the amount on a graded scale by the CEO, President or Board of Directors. Preparatory contracts, option contracts and earnest money contracts (contratos de promesa de arras) are subject to approval. The CEO is notified in writing of the formal presentation of nonbinding offers, including ITNs (Invitations to Negotiate) in the course of public or private selection processes and a copy of the presentation is sent to the General Secretary and Financial Department.

  • Procedure to protect the Group's assets from internal fraud. This is applied whenever any action or wilful misconduct by a Ferrovial employee targets or harms Group assets.

  • Expense regulations. Ferrovial has a regulation in place to prevent possible bribery or corruption related to travel expenses that makes it obligatory to apply for all airplane or train tickets, rental cars or hotel reservations through the centralised agency with which each company works.

  • The use of corporate credit cards is exclusively restricted to settling corporate travel expenses.

  • To control cash disbursements, there is a regulation in place that controls requests for cash advances through a software system implemented to manage expenses. The maximum cash advances available for travel expenses are set at 1,200 euros for domestic trips and 3,000 euros for trips abroad. The authorisation of an employee's immediate superior is required when the amount of a request in course plus as-yet unjustified cash advances exceeds 1,200 euros.

The Internal Auditing Department is responsible for overseeing these guidelines. Any employee who has any knowledge of conduct related to bribery or corruption has the right as well as the duty to inform his or her superior or anonymously report it to the Internal Audit Department through the Suggestion Box. No investigations into corruption were conducted as the result of complaints in 2007.

Institutional Relations

Tel.:      +34 91 586 28 93

Fax.:     +34 91 586 26 59