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It is in this aspect of the business where corrective action has been most decisive and the transformation is most intense. (a) We have redesigned the mechanisms and procedures we use to measure and manage the risks of tenders and to control project execution. (b) We have made in-depth changes to the governance model for the geographies, specifying the functions of Country Managers as contrasted with those of the heads of business units and corporate areas. (c) In the Tenders Committee we have implemented a new transaction approval procedure using risk-based thresholds, reaching the company’s Management Committee. (d) And we have created new functions and mechanisms to improve control over transactions, especially international deals, such as the Execution and Delivery Committee Welcome to our portal.

Jules François FAMAWA
CEO JFF HOLDING GROUP