According to the English grammar, compliance or to comply is acting according to the law with a command, a request or with an internal respect. It means that it is a specific area that is supposed to encourage and monitor compliance with the laid out laws and regulations of that activity involved. In these days, compliance is one of the primary responsibilities of any corporate governance. Compliance has the function of detecting and treating unethical conduct and illegal acts in the company and its partners.
Bruno Fagali is one of the highlights of compliance matters. Bruno Fagali points out that it is because of the importance of the Compliance area that the Brazilian Law 12.846/13 the anti-corruption Law was published in Brazil. Bruno adds that it was published by published by the Decree 8420/15 in Brazil.
Bruno Fagali notes that it was a significant for companies to adopt the Compliance programs because there was the possibility of companies to be penalized for acts harmful to the public Administration like corruption and fraud. Only individual persons would be punished for such practices previously before the law was passed. Bruno Fagali said that there was another critical point which was raised by Luiz Fernando Godoy one of the founders of Equipo Gestao that it was also essential to keep an eye to any company’s partners too. Furthermore, subsidiary and solidarity responsibilities are crucial, and it’s not a wonder to discover a partner involved in scandal cases that may be disastrous operations of the company. Bruno insists that it’s important to list some effective practices like ensuring that a partner complies with the legal obligations of a company. To do this, any partner must have an updated and monitored registration to avoid the consequences like low quality of deliverables.
Bruno Fagali who is an Attorney in Brazil is a Member of the Society of Corporate Compliance & Ethics. Fagali specializes in Compliance, Parliamentary law, anti-corruption law, public law, advertising and corporate law. Bruno Fagali is the co-founder of Fagali advocacy. Having completed his high school in2002, Fagali joined the University of Sao Paulo between 2004 and 2009. He is currently doing masters of Law at the University of Sao Paulo.
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