The Critical Role of Compliance in Corporate Governance

 

Corporate compliance is a hot-button issue for businesses around the world. Staying within the legal boundaries may seem like a simple thing to do, but keeping abreast of the changing legal landscape can be a daunting task.

Attorney Bruno Fagali is the founding partner of Fagali Advocacy and the Corporate Integrity Manager of Agencia Nova/sb, an advertising agency specializing in public interest communication. Fagali advocates for compliance and corporate responsibility beginning at the top, starting with the company’s executives.

Corporations must be compliant with labor laws, such as child and slave labor laws, and must provide oversight into the protection of employee rights. Corporations must also keep their various government licenses and registrations up-to-date. Failure to do so may result in business interruptions, impacting both the corporation itself and other businesses with whom they do business.

Prior to the passage of Brazil’s anti-corruption law (12.846/13), only individual, physical persons could be penalized for corruption, fraud in bidding, and similar infractions. With the passage of the new law, organizations could also be held accountable for their actions, and corporate compliance became a major component of corporate governance. Decree 8240/15 provided guidance for the creation of corporate ethics and compliance programs. This guidance extended to both public and private industries.

Recognizing that the corporation’s compliance initiatives also extend to the practices of their business partners, Fagali states that it is in the company’s best interest to avoid issues arising from both their own actions and their many business partners’ conduct.

Navigating the ever-changing legal climate can be a challenging task. The new anti-corruption law created the possibility of companies being penalized for activities harmful to the national or public interest. Fagali stresses that implementing corporate compliance initiatives is the best way to steer clear of government entanglements.

Fagali also pushes for compliance within the public sector. He is an advocate of government transparency, and he is a proponent of Brazil’s Federal Government Transparency Portal, which he contends will ensure the proper utilization of public resources for meeting the public’s needs and prevent corruption and fraudulent activities. Learn more: https://angel.co/bruno-fagali

 

Bradesco Is Home To A Brand New President – Luiz Carlos Trabuco Cappi

Assessing the importance of the role of President in a banking institution doesn’t take a rocket scientist – it’s unarguably more important than any other capacity served in any financial institution around the world. Learn more on Trabuco: Despite the uncertainties, investors believe in the country:http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais

What happens when a bank loses their President? Here’s what is going on with Banco Bradesco, a South American financial institution that’s home to Brazil.

Lazaro de Mello Brandao Steps Down

Lazaro de Mello Brandao had been the President of Banco Bradesco since 1990, the same year that Bradesco’s original founder, President, and Chief Executive Officer left the organization, citing health concerns as his sole reason for leaving the institution.

About six or seven weeks ago, Mr. Brandao and Luiz Carlos Trabuco Cappi held a press conference, with journalists unknowing of what was to come. Only when Lazaro de Mello Brandao and Mr. Trabuco Cappi formally announced his retirement from the rank of President did journalists and fellow bankers – with the exception of the institution’s board of directors – know what the conference was set to contain.

Brandao wholeheartedly deserved to relieve his duties, as the 91-year-old worked for Bradesco since he was only 16, remaining with the bank for quite literally the entirety of his working life. What’s even more impressive is the fact he was one of the initial employees to open the very first location, in the same city the future CEO, President, and a man of many other positions within the bank was born – Luiz Carlos Trabuco Cappi.

What’s Happening In The Interim? Who Will Step In For Open Positions?

At the time of the announcement, in the second week of October of 2017, Lazaro de Mello Brandao and Luiz Carlos Trabuco Cappi had left just one role open – that of Chief Executive Officer.

The moment Mr. Lazaro Brandao had formally stepped down, paperwork was already in place to promote Luiz Carlos Trabuco Cappi to President.

As such, Mr. Trabuco Cappi is currently the President, whereas the selected Carlos Alberto Rodrigues Guilherme to serve the banking organization’s team of executives as Chief Executive Officer

When Is The Hiring Process Slated To Be Finished?

In March of every calendar year, Banco Bradesco hosts a shareholder meeting. Mr. Trabuco Cappi has indicated that the new candidate will be selected for the role of CEO prior to March, 2018’s sharholder meeting.

The Relationship Between Trabuco Cappi And Brandao

Earlier last year, in the first week of October, Luiz Carlos Trabuco Cappi had turned 65 years of age. This is of importance because once the Chief Executive Officer – the role Mr. Trabuco Cappi was in – turns 65, he must immediately find a replacement and step down.

However, Mr. Lazaro Brandao has worked alongside Mr. Trabuco Cappi to change the aforementioned rule prior to his 65th birthday. Brandao was able to get the internal legislation enacted into the organization’s bylaws and guidelines prior to Mr. Trabuco Cappi’s 65th birthday, formally extending the maximum age of CEO to 67. This change happened less than one calendar year ago, as recently as September of 2016.

Brandao had planned on stepping down at an ideal time to keep Luiz Carlos Trabuco Cappi in an important role throughout Banco Bradesco’s team of executives.

Such suggests the relationship between the two longtime executives was objectively strong, especially when compared to relationships between others working for Banco Bradesco.

The Background Of Trabuco

Luiz Carlos Trabuco Cappi began his 40-plus-year tenure in 1969, as an entry-level teller. Mr. Trabuco Cappi was invited to its HQ in 1971 – all’s uphill from there. Visit:http://www.infomoney.com.br/mercados/noticia/6024599/frases-luiz-carlos-trabuco-sobre-economia-brasileira-davos

Igor Cornelsen is the Perfect Man for Assisting with Property Investing

Brazil could be the place to take on an excellent investment for your future. Brazil has made a tremendous comeback for many start-up investors who are seeking to dabble in the country’s rapidly budding commercial division. Taking the opportunity to invest in a foreign property is an extraordinary concept, but it is essential to educate yourself on the whereabouts on making the transition to capitalize on a property. According to Igor Cornelsen, few perspectives must be taken into consideration before making that big step dealing with your finances.

Check more on Igor Cornelsen is giving three valuable tips to invest in a growing foreign market:http://frenchtribune.com/teneur/25704-igor-cornelsen-giving-three-valuable-tips-invest-growing-foreign-market

First, choose a bank that is sanctioned to exchange money. If you are not a resident of the country or have an established business, selecting an appropriate bank is critical to do. Align yourself with the current fiscal laws dealing with the exchange rate. Secondly, engage with other Brazil business investors or businesspersons who are aware and knowledgeable about the ins and outs on conducting business in Brazil. Establishing connections with people who are business center will not be severe, due to the Brazilians friendly nature. Lastly, become informed with the country’s regulations or restrictions that have transpired recently among the nation. If avoided, you can endure some consequences that can delay or eliminates the progress of capitalizing in the property.

Cornelsen understands the ordeal dealing with investing in the Brazilian sector, for he has his dynamic investment firm. He can guide and handle the erratic behavior that can submerge from the economy in Brazil. Take the advice of Igor Cornelsen, he is a Brazilian native and knows personally on making the right decision in the country’s’ financial system.

Visit:https://about.me/igorcornelsen1

 

 

How Bruno Fagali Addresses Legal Issues In Brazil

 

Bruno Fagali is a Brazilian lawyer who has established his own law firm, Fagali Advocacia. The law firm was created in July 2016 and it is located in Sao Paulo. At his firm Bruno Fagali focuses on compliance, urban law, regulatory law, and administrative law, and ethics. He has 11 years of experience in the legal industry and has worked for a couple of law firms before deciding to open his own practice. He is also the Corporate Integrity Manager for Nova/SB, an advertising company that he joined in December 2015.

At Fagali Advocacia, Bruno Fagali has built a team that has deep knowledge about the legal issues that face its clients. Two of the areas that he concentrates on are Anti-Corruption Law and Electoral Law. Bruno Fagali wants to make sure that government and businesses are free of the corrosive effect of corruption by creating systems that ensure ethical compliance and/or detect unethical conduct when it arises. This is a large problem in many countries, especially Brazil.

Ethics and social responsibility are key issues that Bruno Fagali and his team at Fagali Advocacia strive to address. They work with the Brazilian Institute of Law and Business Ethics in order to show the firm’s high commitment to addressing corruption. Bruno Fagali also created the Festa da União. This is an organization that he created in order to publicize the work of non-governmental organizations and the good they achieve for others. This organization uses social networks to spread positive information about those organizations that are effective in the mission they are trying to accomplish and do so in a financially responsible way.https://twitter.com/brunofagalipr

About Alexandre Gama

Alexandre Gama is an advertising and business professional from Brazil. He is the founder and current CEO of one of the largest advertising agencies in Brazil, Neogama.

Alexandre Gama attended and graduated from Fundação Armando Alvares Penteado, which is where he studied advertising. In 1982, he started his career in advertising at Standart Ogilvy. There he worked as a writer, and a few years later he started became a copywriter for DM9. He worked there for four years and eventually be became the vice president of creation at the agency AlmapBBDO.

In 1999, he ventured into the business world and launched Neogama. In its first three years of existence, the agency grew the most in the country. Neogama was also the first agency in the country to go to Cannes Film Festival and win a Lion in its first year in business.

To this day, Neogama remains one of the most well-known and successful advertising agencies in Brazil.

See: https://pt.wikipedia.org/wiki/Alexandre_Gama_(publicit%C3%A1rio)