On November 30, 2018, the Administrative Council for Economic Defense ("CADE") published the agency's Compliance and Integrity Program1, which sets out measures to prevent, detect and remedy institutional risks. The risk management effort aims to reduce or eliminate the occurrence of illegal or unethical acts that could jeopardize the achievement of objectives defined by CADE.
The Program has been segmented into the following topics: information on the institution, including the entity's main competencies and compliance management structures; general provisions about the compliance management unit; risks and remedy measures; and considerations on the periodic monitoring and updating process regarding the actions and results of the Program.
CADE's compliance management actions provided for in the Program focus on issues such as conflicts of interest, codes of conduct for employees, active transparency, nepotism, and the implementation of accountability procedures.
The document also outlines the principles, guidelines and minimum responsibilities that must be observed for compliance, risk and internal control management of the strategic plans, programs, projects and processes conducted by CADE.
It should be noted that the agency's compliance and integrity agenda is part of the Governance, Compliance Management, Risks and Controls Policy, established by CADE Ordinance No. 283, published in May 2018. The project is also aligned with the Strategic Planning of the antitrust agency for the 2017-2020 period.
Visit us at Tauil & Chequer
Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."
© Copyright 2018. Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. All rights reserved.
This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.