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ARTICLE · 20 NOVEMBER 2024

CGU's New Integrity Program Guideline For Private Companies

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On October 15, 2024, the Brazilian Office of the Comptroller General (Controladoria-Geral da União or "CGU") published Volume II of its Integrity Program Guideline for Private Companies...

BrazilCorporate/Commercial Law

On October 15, 2024, the Brazilian Office of the Comptroller General (Controladoria-Geral da União or "CGU") published Volume II of its Integrity Program Guideline for Private Companies ("Manual Programa de Integridade: Diretrizes para Empresas Privadas" or "Guideline"), which sets new recommendations for implementing, improving and monitoring integrity programs based on recent legislative updates and new market practices regarding integrity and environmental, social and corporate governance ("ESG") matters.

Although the Guideline does not have a normative or binding nature, it aims to update and complement the first volume of the document released in 2015 in order to disseminate and encourage the adoption of best integrity practices while providing transparency and predictability on CGU's perspective and approach with respect to such matters.

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