Insights into Anti-Corruption Compliance in Brazilian Companies

This comprehensive survey reveals key findings on anti-corruption compliance controls in Brazilian companies, covering areas like the obligation for internal controls, anticorruption departments, subordination structures, codes of ethics, and more. The data offers valuable insights into the current landscape of anti-corruption practices in the Brazilian business sector.

• Anti-corruption
• Compliance
• Brazil
• Corporate governance
• Ethics

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Uploaded on Mar 15, 2025 | 0 Views

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1. LSGL ANTI-CORRUPTION COMPLIANCE CONTROL IN COMPANY LAW SCHOOLS GLOBAL LEAGUE LSGL BRAZIL SURVEY 2016 30 ANSWERS http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

2. BRAZIL SURVEY 30 ANSWERS Large Brazilian and Multinational companies Brazil Research Group count on the Industries Federation of S o Paulo (FIESP) collaboration

3. Main Areas of Activity Transformation industries Financial activities, insurance and related services - 26% 22% Other Transportation Building Information and communication Health services Agriculture Lodging http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

4. Country of Origin Brazilian company Branch of a foreign company United States United Kingdom Italy - France South Korea Belgium Germany 62% 38% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

5. Obligation to Carry Out Internal Controls Is the company obliged to carry out internal controls in accordance to the anti-money laudering law? Yes - 65% No - 28% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

6. Anticorruption Control System Special anticorruption department 59% Anticorruption compliance officer 41% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

7. Subordination Anticorruption area or officer reports to Single control CEO only 52% Multiple control Board - Audit committee 48% 52% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

8. Code of Ethics Is there a code of business conduct in the company ? Yes - 93% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

9. Anticorruption Policies Is there a specific internal document for dealing with anticorruption policies? Yes - 79% No - 17% Did the company take into account foreign anticorruption laws when drafting its policies? Yes - 52% No - 28% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

10. Anticorruption Policies Anticorruption policies were drafted: By employees of the company 65% By external consultants 28% On the basis of policies of foreign parent company 24% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

11. Main Standards and Procedures Anticorruption clauses in contracts Organization of internal procedures Gifts and hospitality Monitoring anticorruption practices Procedure to report conflict of interest Training for employees Effective Board participation Procedures for financial transactions Financial support to political parties Criteria for risk assessment 76% 72% 72% 66% 62% 59% 55% 52% 45% 45% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

12. Corruption Risk Assessment There is a risk assessment system in 76% of the companies. Main data used for risk assessment: Financial statements Commercial databases Mass media information Legal data bases 69% 59% 48% 48% In average companies use 4 different sources. http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

13. Anticorruption Clauses in Contracts Answer is yes for 90% of the respondents In all contracts 75% In some contracts depending on amount involved 7% In some contracts depending on other part risk level 7% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

14. Anticorruption Clauses in Contracts Clauses include: Provisions assuring anticorruption procedures and negative consequences for persons reporting acts of corruption 52% Right to conduct an audit in a partner 38% Information sharing on disclosed facts of corruption 28% Disclosure of final beneficiaries owners 21% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

15. Internal Investigation In case of a completed (or planned ) corruption offence the company will conduct an investigation? Yes 90% Results of the investigation will be sent to government authorities? Only in cases stipulated by law In any situation 82% 18% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

16. Hot-Line Existence of a hot-line as communication channel for reporting cases of corruption Yes - 83% Operated by a third part operator - Operated by a company employee - 45% 38% Used anonymously With disclosure of personal data 73% 10% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

17. Main Problems in Anticorruption Control Significant costs for the company 41% Lack of effective participation of the Board 41% Lack of stimulation and training 34% Absence of a specific monitoring body 28% Lack of information 24% http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif

18. Thank you! http://direitogv.fgv.br/sites/direitogv.fgv.br/files/arquivos/anexos/direitosp_assinatura.gif