Bruno Fagali is a lawyer who lives in Sao Paulo, Alagoas, Brazil. He opened his own law firm in July 2016 and since December 2015 has been the corporate integrity manager at New / sb. He has several legal specialties including urban law, administrative law, compliance, and ethics. He capped his extensive education in 2017 when he earned a master’s in state law from the University of Sao Paulo. Know more about Fagali at Jusbrasil.
Corporate corruptions scandals have been an ongoing issue in Brazil for a number of years, especially the last two. Bruno Fagali says that companies in Brazil are finally starting to take this issue seriously and have increased their risk monitoring efforts. This is because the credibility of Brazil’s overall business community is very low. He says that an audit study conducted by Deloitte involving 100 businesses. Read more about Fagali at Crunchbase.
This study shows that 73 percent of the companies have put in place anti-corruption measures while two years ago that number was at 59 percent. Management monitoring fraud and unethical conduct has also gone up, from 60 percent to 81 percent. These two results show that companies are being much more responsible when it comes to putting a stop to unethical practices.
Two organizations, the Ethos Institute and CGU, teamed up to offer the Pro-Ethics prize. This prize was created in order to bring attention to businesses that uphold the highest standards when it comes to integrity and anti-corruption practices. Bruno Fagali was gratified when his efforts at New / sb were recognized with this prize. New / sb was one of 25 companies to earn this award and the only one to win that is in the communications industry.
Bruno Fagali says that three major communications companies have had huge scandals in recent years. These are Acronym, Lava Jet, and Monthly. It was in the wake of these scandals that New / sb started to institute a formal corporate integrity program. They wanted to make sure they complied with the law and also set an example for other companies in the communication industry. They brought Bruno Fagali on board early so that he could provide his legal advice in getting this program set up in an effective manner.