As the increase in global enforcement, for corruption and bribery is on the rise, companies are in need to understand the changing landscape that can affect the way they do business domestically and internationally. Of course, the FCPA is the most notable regulation that companies are aware of when doing business, but there are a growing number of regulations that are coming around that mimic the same rules that are as well known as the FCPA.
Environmental flight tests expand cooperation between U.S., Brazilian manufacturers
July 10, 2015 /3BL Media/ - Boeing [NYSE: BA] and Embraer S.A. (BM&F Bovespa: EMBR3, NYSE: ERJ) have announced that they intend to collaborate to test environment-focused technologies through the ecoDemonstrator Program in a joint effort to improve aviation's environmental performance. This expands ongoing cooperation between two of the world's largest airplane manufacturers.
Today is World Environment Day, the United Nations’ principal vehicle for encouraging worldwide awareness and action for the environment. Over the years it has grown to be a global platform for public outreach celebrated by stakeholders in over 100 countries. It also serves as the ‘”people’s day” for the environment, galvanizing individual actions into a collective power that generates a positive impact on the planet.
Regulations worldwide are increasing and it is no secret that other countries are beginning to take notice that corruption and bribery are seriously affecting their countries economic value. As corruption has the capabilities of infiltrating different countries, it also has the reach to go into any industry the global markets have to offer.
Now that the smoke has cleared and the dust is beginning to settle, the Brazilian Oil and Gas Company Petrobas, is looking to file suit against its subsidiaries to reclaim the damages lost during its investigation into bribery and corruption. The oil giant is looking to recover about $424 million against its engineering and construction firms. These firms were found to have over inflated the price of their services while skimming additional funds off the top.
Caterpillar works to protect endangered forests in Brazil
Monica Salles, Caterpillar Corporate Responsibility consultant, is proud to be part of the ConBio Campo Largo project in southern Brazil. The objective of the two-year initiative is to preserve green, urban areas and protect endangered forests in Brazil, as well as improving public understanding of conservation.
Event Information and Excerpts from Michael R. Bloomberg
Michael R. Bloomberg hosted Bloomberg’s first-ever Americas Monetary Summit, featuring Central Bank leaders from Canada, Chile, Colombia, Peru and the United States. Brazil’s Finance Minister also spoke.
These policy makers shared their economic forecasts for 2015-2016, and strategies to boost growth, handle inflation and create more jobs amid a shifting global environment.