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Compliance Program Key to Company’s Success
As part of our commitment to ethical conduct and compliance, [Company Name] has implemented a comprehensive compliance program aimed at promoting a culture of integrity throughout the organization. The program’s effectiveness relies on the active participation of all employees, who play a crucial role in its implementation and success.
Leadership by Example
To achieve this goal, top management is committed to leading by example, observing and supporting the rules and procedures defined in the Code of Ethics and Conduct. This includes:
- Involving employees at all levels in the identification and reporting of weaknesses
- Suggesting new procedural routines
- Expecting all employees to absorb determined procedures and follow defined rules of conduct
Anonymous Reporting Channel
To ensure the program’s effectiveness, we have established an anonymous reporting channel, allowing employees, suppliers, and customers to report violations and complaints without fear of retaliation. This channel is essential for encouraging internal inspections and continuous monitoring by our compliance area regarding compliance with implemented routines.
Importance of Compliance in Brazil
In addition to our company’s commitment to compliance, there are several laws and regulations in Brazil that impose strict requirements on companies operating in the country. For instance:
- The Clean Company Act 2014 (Law Nº 12.846) requires companies to develop a compliance program to prevent corruption acts and impose strict liability for domestic or foreign bribery
- Labor law is another critical area of focus, as employment rights are strict, and each profession has its own trade union attached to it
Regulatory Norms
For fintech companies and financial institutions, regulatory norms from bodies such as the BCB (Brazil’s Central Bank) and CVM (Brazil’s Securities and Exchange Commission) must be carefully considered.
Conclusion
By implementing a comprehensive compliance program and adhering to Brazilian laws and regulations, [Company Name] demonstrates its commitment to ethical conduct and integrity. We urge all employees to play an active role in the program’s success by reporting any concerns or violations and following the rules and procedures outlined in our Code of Ethics and Conduct.
About the Authors
- Layon Lopes is the CEO of Silva | Lopes
- Laura Mallet is a member of the Silva | Lopes team
Contact Us
Silva Lopes Advogados [Your Company Email] [Your Company Phone Number]