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Brazil’s Compliance Risk Management: A Boon for Better Governance

In recent years, Brazil has made significant strides in improving its governance, risk management, and compliance practices. The country’s central government has been taking initiatives since 2016 to promote integrity, transparency, and accountability in public administration.

The Turning Point

The Public Enterprises Law (Law n° 13.303/2016) and the Governance Decree (Executive Order 9.203/2017) marked a turning point in Brazil’s governance landscape, emphasizing the importance of risk management and compliance in public agencies. The Federal General Accounting Office (TCU) has been conducting periodic evaluations of public governance quality, further reinforcing the need for effective risk management and compliance practices.

Driving Factors

The growth of this movement is driven by the demand for better value from government expenditure in public policies and the adoption of new anticorruption measures and integrity advancements. This trend is expected to continue as Brazilian citizens increasingly call for greater accountability and transparency in government actions.

The Importance of Risk Management and Compliance

Risk management and compliance are critical tools for promoting integrity, reducing corruption, and improving governance in both public and private organizations. Effective risk management enables institutions to identify potential risks, assess their impact, and develop strategies to mitigate or eliminate them.

Guidelines and Tools

In Brazil, the Ministry of Transparency and Control-General Attorney’s Office (CGU) has developed guidelines and tools for managing risks, including:

  • Methodology for Risk Management
  • Guide for Implementing Integrity Public Programs
  • Manual for Evaluating Public Integrity Programs in PARs

These initiatives aim to promote a culture of transparency, accountability, and integrity throughout the country.

Lessons Learned

The Brazilian experience demonstrates that effective risk management and compliance practices are essential for promoting better governance, reducing corruption, and improving public trust. As Brazil continues to navigate its challenges, it is clear that a robust compliance risk management framework will be crucial for achieving these goals.

Sources

  • Abranches S (1988) Presidencialismo de Coalizão: O Dilema Institucional Brasileiro. Dados. Rio de Janeiro, IUPERJ
  • Abranches S (2018) Presidencialismo de coalizão: Raízes e evolução do modelo político brasileiro. Companhia das Letras, São Paulo
  • Andrews C, Bariani E (2009) Administração Pública no Brasil: Breve História Política. Editora UNIFESP, São Paulo
  • CGU (2018a) Ministério da Transparência e Controladoria-Geral da União. Metodologia de gestão de riscos. CGU, Brasília
  • CGU (2018b) Ministério da Transparência e Controladoria-Geral da União. Guia Prático de Implementação de Programa de Integridade Pública. CGU, Brasília

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