Bruno Fagali Talks About The Importance Of Anti-Corruption Measures

Bruno Fagali has a law firm in Sao Paulo, Brazil, named Fagali Advocacy. He takes on cases that are involved in areas of the law like compliance, election law, advertising law, parliamentary law, and public law among other specialties. He earned his MSc in Administrative law from the University Of Sao Paulo Law School. In addition to managing his own law firm he also has worked for Nova/SB for the past few years as their corporate integrity manager. He was also the coordinator for the commission on “Ethics and Advertising Agencies” for the Brazilian Institute of Business Law and Ethics.

In recent years combatting corruption has been a big focus of the Brazilian federal government. They passed an Anticorruption Law which businesses have to be in compliance with. Bruno Fagali says that compliance is such an important issue in Brazil that most of that nation’s MBA programs are making teaching about it one of their focuses. He says that these types of courses can definitely help future business people learn about the challenges of compliance and why it is so critical of a thing for them to be addressing.

The reason for the focus on compliance is that corruption scandals have been erupting on a regular basis in Brazil over the past few years. Bruno Fagali says that one in-depth study, the Deloitte audit study, delved into efforts at companies to limit fraud and corruption. The study looked at 100 companies in different sectors of the economy, and of different sizes, to see how they were addressing anti-corruption measures. He says that this study shows that 73% of these companies are now putting place formal anti-corruption initiatives, something that only 59% of companies were doing the last time this study was conducted two years ago.

All this being said, Bruno Fagali says that the Deloitte study also shows that efforts in regards to anti-corruption still need to be beefed up at most businesses. He says that less than half of the companies looked at in this study have raised their efforts in this regard up into the good or optimal levels of risk management.

Read More: www.revistafatorbrasil.com.br/ver_noticia.php?not=320250

JEREMY GOLDSTEIN AND HIS CAREER PATH

Jeremy L. Goldstein, with a bachelor’s degree from Cornell University, master’s degree from the University of Chicago and a doctorate from New York University, is a partner at Jeremy L. Goldstein &Associates.

The firm is devoted to advising business and compensation committees, management teams and CEO in administrative matters on compensation and corporate governance.

Goldstein chairs the Mergers and Acquisition Sub-committee in the business section of the American Bar Association. In the last decade, he has worked with various large corporate deals and is among the leading USA executive compensation attorneys.

Jeremy Goldstein’s idea of JLG Associates was as a result of governance talks over a decade ago concerning conflicting interests in executive compensation. Many of the firms detached from large organizations, and that’s how Goldstein thought of an opportunity for a law firm to provide the same thing.

Goldstein says there are no shortcuts to his kind of work; therefore, he ensures his days are productive by being fully dedicated and available, and therefore he limits the number matters he accepts to only those that are extraordinary or those requiring his skills and experience.

The one corporate governance or executive compensation that excites Goldstein is the fact that shareholder rights advocates have achieved most of the changes to governance they have been looking for since the last millennium turn. Read more:  Jeremy Goldstein | Quora and Jeremy Goldstein | Crunchbase

Being in this line of work for nearly 20 years makes it easy for Goldstein to make his ideas come to life since most issues being faced have been dealt with in the past. Goldstein is an effective lawyer because of his ability to know his clients better thus he can advise them even better.

He interacts with his clients socially and professionally and keeps in touch even when they don’t have a matter at hand this way clients become more likely to turn to him for advice. Goldstein advises that things which look like setbacks are opportunities and recommends one to be aggressive on acquiring new technology.

Before founding JLG Associates, Goldstein was a partner at Wachtell, Lipton, Rosen, and Katz. He frequently writes and speaks on issues concerning executive compensation and corporate governance.

For the NYU Journal of Law and Business, Goldstein is a Professional Advisory Board member. He is also a member of the New Leadership Council of Make-A-Wish Foundation and Fountain House member of the Board of Directors. Follow Jeremy on Twitter.