Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement

The involvement of companies in corrupt acts is one of the main threats to continued social support for private businesses. This study’s literature centred on organisational-level corruption in Brazil – considered one of the most corrupt countries in the world - and its possible solution in the form...

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Main Author: Bannister, Sophie
Other Authors: Jyväskylä University School of Business and Economics, Jyväskylän yliopiston kauppakorkeakoulu, Taloustieteet, Business and Economics, Jyväskylän yliopisto, University of Jyväskylä
Format: Master's thesis
Language:eng
Published: 2019
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/63953
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author Bannister, Sophie
author2 Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_facet Bannister, Sophie Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä Bannister, Sophie Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_sort Bannister, Sophie
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description The involvement of companies in corrupt acts is one of the main threats to continued social support for private businesses. This study’s literature centred on organisational-level corruption in Brazil – considered one of the most corrupt countries in the world - and its possible solution in the form of compliance programmes that detect and prevent corporate violations of law. The revised literature showed that, since 2013, the number of companies in Brazil with compliance programmes in place has increased significantly, mainly as a response to the growing implementation of anti-corruption legislation in Brazil, such as the enactment of the Clean Company Act (“CCA”) law in 2013 and the fear of implication in major Brazilian ongoing corruption investigations which have already tarnished the reputations of many corrupt companies. This study’s literature review also showed, however, that despite Brazil’s growing adherence to corporate compliance programmes, a significant portion of companies in Brazil still have poor compliance policies in place. In order to address this problem, this study looked at the specific compliance processes implemented by a select group of companies in Brazil considered to have reputable compliance programmes in place. As well as assessing what sets these companies apart from most other companies in the country, this study looked at what motivated them to implement or reinforce their compliance programmes, as well as which benefits they reaped or difficulties they faced in the process, as a means of providing practical knowledge for other companies in Brazil that wish to join the country’s current anti-corruption movement. This was done by analysing the reputable compliance programmes of 11 Brazil- based companies. Primary data was drawn from in-depth qualitative interviews with six companies, while publicly available secondary data in the form of interviews given by five other companies was also collected and analysed. The results of this analysis indicated that efficient compliance programmes in Brazil must be constituted of leadership, risk assessment, standards and controls, training and communication, oversight, and constant improvement practices. The fact that several companies were found to have been “pushed” into implementing or reinforcing compliance programmes, allied to the fact that, as well as numerous reaped benefits, they also faced certain cultural and operational difficulties in the process, corroborated previous research and testified to the importance of further studies being conducted into this same topic.
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This study\u2019s literature centred on organisational-level corruption in Brazil \u2013 considered one of the most corrupt countries in the world - and its possible solution in the form of compliance programmes that detect and prevent corporate violations of law. The revised literature showed that, since 2013, the number of companies in Brazil with compliance programmes in place has increased significantly, mainly as a response to the growing implementation of anti-corruption legislation in Brazil, such as the enactment of the Clean Company Act (\u201cCCA\u201d) law in 2013 and the fear of implication in major Brazilian ongoing corruption investigations which have already tarnished the reputations of many corrupt companies. This study\u2019s literature review also showed, however, that despite Brazil\u2019s growing adherence to corporate compliance programmes, a significant portion of companies in Brazil still have poor compliance policies in place.\nIn order to address this problem, this study looked at the specific compliance processes implemented by a select group of companies in Brazil considered to have reputable compliance programmes in place. As well as assessing what sets these companies apart from most other companies in the country, this study looked at what motivated them to implement or reinforce their compliance programmes, as well as which benefits they reaped or difficulties they faced in the process, as a means of providing practical knowledge for other companies in Brazil that wish to join the country\u2019s current anti-corruption movement. This was done by analysing the reputable compliance programmes of 11 Brazil- based companies. 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spellingShingle Bannister, Sophie Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement organisational-level corruption Brazil’s CCA compliance programmes Yrittäjyys Entrepreneurship 20422 noudattaminen korruptio yritykset yhtiöt compliance corruption enterprises companies (business enterprises)
title Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
title_full Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
title_fullStr Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
title_full_unstemmed Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
title_short Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
title_sort exemplary compliance programmes in brazilian firms in the wake of brazil s anti corruption movement
title_txtP Exemplary compliance programmes in Brazilian firms in the wake of Brazil's anti-corruption movement
topic organisational-level corruption Brazil’s CCA compliance programmes Yrittäjyys Entrepreneurship 20422 noudattaminen korruptio yritykset yhtiöt compliance corruption enterprises companies (business enterprises)
topic_facet 20422 Brazil’s CCA Entrepreneurship Yrittäjyys companies (business enterprises) compliance compliance programmes corruption enterprises korruptio noudattaminen organisational-level corruption yhtiöt yritykset
url https://jyx.jyu.fi/handle/123456789/63953 http://www.urn.fi/URN:NBN:fi:jyu-201905152595
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