- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Have you been doing business with corruption-plagued Odebrecht? Better conduct a thorough internal investigation to ascertain if there are any red flags indicating suspicious payments, writes Tom Fox.
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Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
The Odebrecht corruption case is already a thing of legend for its size and scope, but it might ultimately be better known for the improvement in international compliance it will encourage.
Brazil has made strides in its anti-bribery enforcement efforts, but a working group at the Organization for Economic Cooperation and Development is concerned the country doesn’t have the controls in place to sustain its progress.
