The Anti-Corruption Legislation in Brazil, Historical Landmarks, its Influences, Pillars, and Updates Brought by Decree

September 2022

Abstract

This study aims to investigate the parameters of the anti-corruption laws and regulations compliance program. Mainly based on historical topics, corruption scandals and corporate frauds Brazil approved the Law n. 12,846, known as the anti-corruption law, approved on August 1st, 2013, and more recently Decree No. 11,129/2022 revokes Decree No. 8,420/2015 previously in force, that defined criteria for the functioning of compliance programs. This paper will contribute by looking to show the importance of Brazilian companies being adherent to the anti-corruption law and compliance programs and how this must be associated with greater implementation of internal controls. Keywords: anti-corruption law and regulations; corruption scandals, compliance program, business ethics and code of conduct.

Authors

Thiago Costa

Legal Manager, Data Protection Officer and Compliance, Norsk Hydro Brasil, Brazil

Thiago Veloso Costa earned his Master Decree in Strategy and Business at FIA - Business School (FIA) São Paulo - SP, LL.B. from the Pontifical Catholic University of Minas Gerais (PUC-MG) and a certificate degree in International Trade Relations from the same institution, a certificate degree in Tax Law from Faculdade Milton Campos-MG as well as a certificate degree in Corporate Law from Pontifical Catholic University of São Paulo (PUC-SP). Certified professional in Internal Corporate Investigations (CPIIC) by LEC - Legal, Ethics & Compliance. Certification in International Contracts from the Hague Academy of International Law, in Arbitration and International Contracts from the London School of Economics and Political Science, in addition to certifications in Brazil in Crisis Management and Reputation from Escola Superior de Propaganda e Marketing (ESPM), and in Data Protection and Privacy from Insper.

Cristina Leite

Procurement Risk & Compliance Senior Consultant, Hydro, Brazil

Experienced compliance officer and senior lawyer with a demonstrated history of working in the mining & metals industry. Skilled in compliance, corporate governance and management. Economist, with strong business development and risk assessment professional with postgraduation in corporate law and master in compliance.

Companies

Norsk Hydro Brasil

Hydro is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide.It has operations in some 50 countries around the world and is active on all continents.Hydro employs approximately 35,000 people. Website:www.hydro.com

Hydro

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