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Odebrecht 2014 SERVICE: an ONGOING COMMITMENT Service: an Ongoing Commitment
odebrecht.com Odebrecht 2014 SERVICE: AN ONGOING COMMITMENT Service: An Ongoing Commitment In 1944, the 23-year-old engineer Norberto Odebrecht founded a company in Salvador, Bahia, Brazil, that would give rise to the Odebrecht Group. He had a great deal of work ahead of him, but he was sure of one Odebrecht 2014 thing: that people exist to serve their fellows. His solid upbringing imbued him with that and other principles, which would guide both his life and the AV. LUIS VIANA, 2.841 course of the Odebrecht Group. EDIFÍCIO ODEBRECHT – PARALELA SALVADOR – BA – 41730-900 BRAZIL For 70 years, the ethos of service has been the decisive hallmark that sets the Odebrecht Group apart. It is impossible to translate that ethos RUA LEMOS MONTEIRO, 120 into words, but it can be easily identified in the conduct of people who EDIFÍCIO ODEBRECHT SÃO PAULO – BUTANTÃ SÃO PAULO – SP – 05501-050 are always willing to perceive, understand, and meet the needs of others, BRAZIL whether they are a client, a co-worker or anyone linked to their work or personal lives. Identifying and bringing in people endowed with that constant and steadfast desire to serve others has been Odebrecht’s main drive for seven decades. anks to them, things become simple, and everything else ensues naturally: the Client’s satisfaction, support for national development, the generation of social wealth, and the Group’s survival, growth, and perpetuity. Odebrecht’s history is the story of people with the ethos of service. People who apply it on a daily basis, no matter what. -
''Do Passado E Dopresentedeve Ser Preservado Apenas O Que For
Edu Argolo CAPA: SALVADOR, BAHIA, DOMINGO, 10/08/2014 Este caderno é parte integrante do Jornal A TARDE. Não pode ser vendido separadamente. ‘‘Do passado e do presente deve ser preservado apenas o que forprodutivo para a construção do futuro’’ Norberto Odebrecht PROJETO ESPECIAL DE MARKETING A TARDE EDIÇÃO: Aleile Moura [email protected] PROJETO GRÁFICO: Argolo Studio Design DIAGRAMAÇÃO: Edu Argolo argolodesign.com.br TEXTOS: Claudia Lessa FOTOS: Arquivo pessoal REVISÃO: Gabriela Ponce ODEBRECHTSALVADOR, BAHIA, DOMINGO, 10/08/2014 ESPECIAL 2 ‘‘Um líder tem a responsabilidade de motivar, estimular, desafiar e criar condições para partilhar com seus colaboradores os resultados que eles ajudaram a construir’’ Norberto Odebrecht Norberto Odebrecht: um empresário à frente do seu tempo Era um jovem engenheiro quando começou a erguer o que se tornou um dos maiores conglomerados do setor da Construção Civil. Naquela época - década de 1940 -, Salvador ainda carregava as marcas do seu passado colonial: carente de saneamento básico, de moradias, de abastecimento de água, de realizações... Foi dentro desse contexto socioeconômico que Norberto Odebrecht assumiu os negócios do pai, Emílio Odebrecht, e, em 1944, fundou a Construtora Norberto Odebrecht, que deu origem ao que é hoje a Organização Odebrecht. Iniciava-se a bem-sucedida trajetória em- presarial do pernambucano nascido em Recife, que chegou à capital baia- na aos cinco anos de idade e, aos 15, conheceu o mundo do trabalho, tor- nando-se, logo cedo, um dos empresários de maior sucesso do país. O contato com as tecnologias de construção e com os mestres de obras começou na adolescência, quando os Odebrecht se mudaram para a La- deira dos Aflitoseanovacasaabrigava, também, as dependências de apoio da empresa. -
Combating Corruption in Latin America: Congressional Considerations
Combating Corruption in Latin America: Congressional Considerations May 21, 2019 Congressional Research Service https://crsreports.congress.gov R45733 SUMMARY R45733 Combating Corruption in Latin America May 21, 2019 Corruption of public officials in Latin America continues to be a prominent political concern. In the past few years, 11 presidents and former presidents in Latin America have been forced from June S. Beittel, office, jailed, or are under investigation for corruption. As in previous years, Transparency Coordinator International’s Corruption Perceptions Index covering 2018 found that the majority of Analyst in Latin American respondents in several Latin American nations believed that corruption was increasing. Several Affairs analysts have suggested that heightened awareness of corruption in Latin America may be due to several possible factors: the growing use of social media to reveal violations and mobilize Peter J. Meyer citizens, greater media and investor scrutiny, or, in some cases, judicial and legislative Specialist in Latin investigations. Moreover, as expectations for good government tend to rise with greater American Affairs affluence, the expanding middle class in Latin America has sought more integrity from its politicians. U.S. congressional interest in addressing corruption comes at a time of this heightened rejection of corruption in public office across several Latin American and Caribbean Clare Ribando Seelke countries. Specialist in Latin American Affairs Whether or not the perception that corruption is increasing is accurate, it is nevertheless fueling civil society efforts to combat corrupt behavior and demand greater accountability. Voter Maureen Taft-Morales discontent and outright indignation has focused on bribery and the economic consequences of Specialist in Latin official corruption, diminished public services, and the link of public corruption to organized American Affairs crime and criminal impunity. -
Rc: 85740 - Issn: 2448-0959
Revista Científica Multidisciplinar Núcleo do Conhecimento - RC: 85740 - ISSN: 2448-0959 https://www.nucleodoconhecimento.com.br/etica-es/lava-jato-y-odebrecht Operación Lava-Jato y Odebrecht: ¿Un caso que terminará? ARTÍCULO ORIGINAL SANTOS, Humberto de Faria [1], BRONZATO, Anderson [2] SANTOS, Humberto de Faria. BRONZATO, Anderson. Operación Lava-Jato y Odebrecht: ¿Un caso que terminará?. Revista Científica Multidisciplinar Núcleo do Conhecimento. Año 06, Ed. 02, Vol. 10, pp. 61-75. Febrero de 2021. ISSN:2448-0959, Enlace de acceso en: https://www.nucleodoconhecimento.com.br/etica-es/lava-jato-y-odebrecht RESUMEN Las personas y organizaciones de diferentes tipos siempre tienen el reto de decidir por qué tipo de marco ético cumplirán. La decisión puede ser gratificante o punitiva. Los agentes externos, al igual que las comunidades, pueden influir en cómo resultará la decisión. Este ensayo afirma que el escándalo de corrupción de Odebrecht es un ejemplo de tal situación. Junto con las decisiones internas de la compañía, la comunidad externa jugó un papel en el traslado de Odebrecht de ser un actor respetado en la industria de la construcción global a la exposición de sus prácticas inmorales. El presente estudio también demuestra los recientes intentos de injerencia política en las investigaciones de este escándalo y cómo el ex Odebrecht está tratando de reconstruirse como empresa. Palabras clave: Operación Lava-Jato, Odebrecht, Corrupción, América Latina. 1. INTRODUCCIÓN El objetivo de este ensayo es presentar el caso de corrupción de la constructora brasileña Odebrecht y analizarlo desde la perspectiva del marco que llevó a Odebrecht a actuar en uno de los mayores casos de corrupción de América Latina. -
RMC, Revista Mineira De Contabilidade, V
Periódico Quadrimestral, digital e gratuito publicado pelo Conselho Regional de Contabilidade de Minas Gerais - ISSN: 2446-9114 RMC, Revista Mineira de Contabilidade, v. 20, n. 1, art. 6, p. 76-87, janeiro/abril 2019 Disponível on-line em http://revista.crcmg.org.br/index.php?journal=rmc RMC DOI: https://doi.org/10.21714/2446-9114RMC2019v20n1t06 LAST BIG CORPORATE SCANDALS IN BRAZIL: WHY INVESTORS DID NOT SEE IT IN THE ANNUAL REPORTS? O artigo foi aprovado e apresentado no XVIII International Conference in Accounting, realizado de 25/07 a 27/07 de 2018, em São Paulo (SP) ABSTRACT Arthur do Nascimento Ferreira Barros This paper measures the level of information disclosure in the fight against corruption in Mestrando em Ciências Contábeis pela sustainable reports disclosed by companies that participated in the last major corruption Universidade Federal de Pernambuco (UFPE). scandals in Brazil among 2013 to 2016 (Petrobras S.A., Odebrecht Organization, Brasil Foods Graduado em Ciências Contábeis pela Univer- sidade Federal de Pernambuco (UFPE). Email: S.A. and JBS S.A.); therefore, a not probabilistic sample was chosen. Content analysis through [email protected] Novethic/SCPC survey (2006) was used to measure the level of disclosure and, among the results, the primary fact observed is that most of these companies exposed to corruption Raimundo Nonato Rodrigues scandals did not modify their level of disclosed information in the fight against corruption, Doutor em Ciências Contábeis pela Universi- contradicting what was expected in a way that those companies which had higher levels of dade de São Paulo (USP). Mestre em Ciências disclosure before the scandals continued following that path. -
1 the Company That Bribed the World: a Case Study of The
THE COMPANY THAT BRIBED THE WORLD: A CASE STUDY OF THE INSTITUTIONALIZATION OF CORRUPTION IN A MULTINATIONAL ORGANIZATION Armando Castro University College London 1-19 Torrington Place, London, UK Tel: +44 (0)20 3108 9197 E-mail: [email protected] Suzana B. Rodrigues Universidade FUMEC, Brazil & RSM, Erasmus University [email protected] Nelson Phillips Imperial College London South Kensington Campus London, UK T: +44 (0)20 7594 1699 E-mail: [email protected] 1 ABSTRACT Although research on Multinational Enterprises (MNE) has added several interesting findings to the discussion of misconduct by complex organizations, these have largely focused on external sources of corruption, leaving behind the role of multinationals as central actors. Our paper addresses these voids by drawing upon a case study of corruption by one of the largest Latin American construction companies, Odebrecht. We try to understand the complex phenomenon of the institutionalization of corruption, chiefly how corruption occurs and persists within a multinational organization and via its subsidiaries. To do so, we explore why and how this emerging MNC created a unique model of corruption, by decoupling and internationalizing corrupt activities in a foreign subsidiary in a tax haven. 2 THE COMPANY THAT BRIBED THE WORLD: A CASE STUDY OF THE INSTITUTIONALIZATION OF CORRUPTION IN A MULTINATIONAL ORGANIZATION INTRODUCTION How and why multinationals enter different national contexts and thrive internationally are central questions in International Business (IB) research. Answers to these questions centre around two broad arguments: first defends the idea that multinationals from developed countries expand to foreign markets using their unique resources and capabilities (Peng, 2001). -
Key 2017 Developments in Latin American Anti-Corruption Enforcement
March 15, 2018 KEY 2017 DEVELOPMENTS IN LATIN AMERICAN ANTI-CORRUPTION ENFORCEMENT To Our Clients and Friends: In 2017, several Latin American countries stepped up enforcement and legislative efforts to address corruption in the region. Enforcement activity regarding alleged bribery schemes involving construction conglomerate Odebrecht rippled across Latin America's business and political environments during the year, with allegations stemming from Brazil's ongoing Operation Car Wash investigation leading to prosecutions in neighboring countries. Simultaneously, governments in Latin America have made efforts to strengthen legislative regimes to combat corruption, including expanding liability provisions targeting foreign companies and private individuals. This update focuses on five Latin American countries (Mexico, Brazil, Argentina, Colombia, and Peru) that have ramped up anti-corruption enforcement or passed legislation expanding anti-corruption legal regimes.[1] New laws in the region, coupled with potentially renewed prosecutorial vigor to enforce them, make it imperative for companies operating in Latin America to have robust compliance programs, as well as vigilance regarding enforcement trends impacting their industries. 1. Mexico Notable Enforcement Actions and Investigations In 2017, Petróleos Mexicanos ("Pemex") disclosed that Mexico's Ministry of the Public Function (SFP) initiated eight administrative sanctions proceedings in connection with contract irregularities involving Odebrecht affiliates.[2] The inquiries stem from a 2016 Odebrecht deferred prosecution agreement ("DPA") with the U.S. Department of Justice ("DOJ").[3] According to the DPA, Odebrecht made corrupt payments totaling $10.5 million USD to Mexican government officials between 2010 and 2014 to secure public contracts.[4] In September 2017, Mexico's SFP released a statement noting the agency had identified $119 million pesos (approx. -
Ministério Público Federal PROCURADORIA DA REPÚBLICA NO PARANÁ FORÇA-TAREFA L AVA JATO
Ministério Público Federal PROCURADORIA DA REPÚBLICA NO PARANÁ FORÇA-TAREFA L AVA JATO EXCELENTÍSSIMO JUIZ FEDERAL DA 13ª VARA FEDERAL DA SEÇÃO JUDICIÁRIA DO PARANÁ. Distribuição por dependência aos autos nº 5046271-57.2015.404.7000 (IPL João Santana), 5007118-80.2016.404.7000 (IPL Maria Lucia Tavares e outros), 5003682-16.2016.404.7000 (Busca e apreensão), 5010479-08.2016.404.7000 (Busca e apreensão) e conexos O MINISTÉRIO PÚBLICO FEDERAL, por seus Procuradores da República signatários, no exercício de suas atribuições constitucionais e legais, comparecem, respeitosamente, perante Vossa Excelência, com base no inquérito policial em epígrafe e com fundamento no art. 129, I, da Constituição Federal, para oferecer DENÚNCIA em face de: 1. MARCELO BAHIA ODEBRECHT (MARCELO ODEBRECHT), RG 2598834/SSP/BA, CPF 487.956.235-15, brasileiro, casado, engenheiro, filho de Emilio Alves Odebrecht e Regina Amélia Bahia Odebrecht, nascido em 18/10/1968, natural de Salvador-BA, residente na Rua Joaquim Cândido de Azevedo Marques, 750, Jardim Pignatari, São Paulo-SP, atualmente preso na Superintendência de Polícia Federal em Curitiba/PR; 2. HILBERTO MASCARENHAS ALVES DA SILVA FILHO (HILBERTO SILVA), brasileiro, inscrito no CPF nº 105.062.765-20, nascido em 16/11/1955, filho de Neude da Silva, com endereço na Rua Sabino Silva, 443, 901, Ondina, Salvador/BA, atualmente preso na Superintendência de Polícia Federal, em Curitiba/PR; 3. LUIZ EDUARDO DA ROCHA SOARES (LUIZ EDUARDO SOARES), brasileiro, inscrito no CPF sob o nº 036.210.248-16, nascido em 23/02/1962, filho de Elza Joanna da Rocha Soares, com endereço na Rua Leme do Prado, 200, ap. -
2009 Annual and Sustainability Report
2009 ANNUAL AND SUSTAINABILITY REPORT www.braskem.com.br 10050074_Capa ing.indd 1 9/10/10 9:02 PM Message from the Management Alliances are critical to development. In 2009, Braskem and Petrobras worked together to make the Quattor acquisition possible,establishing therefore the largest petrochemical corporation in Latin America. Strong contrasts marked the year 2009. In the first quarter, we had the prevailing uncertainty about the fate of global economy. From April onwards – and more clearly in May – visible signs of recovery were evidenced in certain countries and organizations. As that turbulence reached its peak, in our understanding there were chances of seeing Brazil less affected by ANNUAL AND SUSTAINABILITY REPORT SUSTAINABILITY AND ANNUAL the global crisis than other countries, once correct choices had been made strengthening 2009 macroeconomic fundamentals, the production sector and national financial institutions. And, predictions were confirmed. Today Brazil is forecasting Gross Domestic Product (GDP) growth ranging from 5% to 7% in 2010. As to the petrochemical industry, the marked consumption retraction witnessed in 2 3 most of the global markets impacted sector performance, which since 2008 was already suffering from price drops, resulting from global economy factors and also arising out of its own specific traits, such as sector downside when new units are started increasing supply and cutting profitability down. This peculiar year has brought learning and growth opportunities to Braskem. The Company had aligned its cost and capital structure to petrochemical industry cycle needs, and was thus better prepared to face the global crisis. Early in the year our production Construction of the Green had to be reduced to 55% of total capacity in order to adjust the inventory levels to the We will then start to act as a single company, which in truth we are, fully committed to Ethylene Plant (Rio Grande slow demand. -
Odebrecht 2014 Odebrecht TODO TEMPO É DE SERVIR É DE TEMPO TODO
odebrecht.com Odebrecht 2014 Todo tempo é de servir TODO TEMPO É DE SERVIR Em 1944, aos 23 anos de idade, o engenheiro Norberto Odebrecht fundava, em Salvador, Bahia, a empresa que daria origem à Organização Odebrecht. Tinha muito trabalho pela frente, mas possuía uma certeza: a de que o Odebrecht 2014 ser humano existe para servir a seus semelhantes. A sólida educação familiar que recebera lhe legara esse e outros princípios que orientariam AV. LUIS VIANA, 2.841 a sua vida e a trajetória da Organização Odebrecht. EDIFÍCIO ODEBRECHT – PARALELA SALVADOR – BA – 41730-900 Ao longo de 70 anos, o espírito de servir tem sido a marca decisiva e RUA LEMOS MONTEIRO, 120 diferenciadora da Organização Odebrecht. Impossível de ser traduzido EDIFÍCIO ODEBRECHT SÃO PAULO – BUTANTÃ em palavras, esse espírito, entretanto, pode ser facilmente identificado SÃO PAULO – SP – 05501-050 no comportamento daqueles que estão sempre dispostos a perceber, compreender e atender às necessidades do outro – seja esse outro um cliente, um companheiro de equipe ou qualquer pessoa vinculada ao seu trabalho e à sua vida. Identificar e integrar pessoas com essa disposição permanente e inabalável tem sido o principal esforço da Odebrecht ao longo de sete décadas. Com isso, as coisas tornam-se simples e tudo o mais acontece naturalmente: a satisfação de clientes, o apoio ao desenvolvimento de países, a geração de riquezas sociais e a sobrevivência, o crescimento e a perpetuidade da Organização. A história da Odebrecht é a história de pessoas com espírito de servir. Pessoas que o exercem diariamente, em qualquer circunstância. Que o trazem no sangue e que, portanto, não conhecem tempo favorável ou desfavorável, tempo bom ou tempo ruim. -
Page 1 of 5 Interview: Marcelo Odebrecht, President of Odebrecht
Interview: Marcelo Odebrecht, President of Odebrecht --“Brazilian industry is tied to the BNDES’s apron strings. Nobody goes to the capital market for financing.”— Brazilian industry, hobbled by cheap imports and high taxes, faces daunting challenges, both home- grown and international, according to Marcelo Odebrecht, president of one of Brazil’s largest conglomerates. Odebrecht holdings cover the waterfront, ranging from construction to energy and petrochemicals. At a recent conference sponsored by Credit Suisse, Odebrecht noted the need for carefully calibrated government policies, including intervention in some areas and freedom for market forces in others. Excerpts follow: • On the market for electric power: “Electric power is a segment that should see significant growth in the next few years, but the big problem is taxes. Half the cost of generating power is taxation. As for rates, it makes no sense for the government to set rates. Rates should be determined by demand in the market.” • On development of the pre-salt oil reserve: “The pre-salt (oil drilling) region is a reality. Its development is only a question of time. Brazil’s option—to develop the entire production chain from beginning to end—is the right one. I think there’s a lot of lobbying going on against this idea.” • On pre-salt investments and Petrobras: “The biggest challenge for Petrobras right now is the volume and timing of its investments. These are huge investments, which are very important for the country’s growth. Things would be easier for Petrobras if the investment schedule were less daunting.” • On price controls and Petrobras: “Brazil has always had price controls. -
Combating Corruption in Latin America: Congressional Considerations
Combating Corruption in Latin America: Congressional Considerations May 21, 2019 Congressional Research Service https://crsreports.congress.gov R45733 SUMMARY R45733 Combating Corruption in Latin America May 21, 2019 Corruption of public officials in Latin America continues to be a prominent political concern. In the past few years, 11 presidents and former presidents in Latin America have been forced from June S. Beittel, office, jailed, or are under investigation for corruption. As in previous years, Transparency Coordinator International’s Corruption Perceptions Index covering 2018 found that the majority of Analyst in Latin American respondents in several Latin American nations believed that corruption was increasing. Several Affairs analysts have suggested that heightened awareness of corruption in Latin America may be due to several possible factors: the growing use of social media to reveal violations and mobilize Peter J. Meyer citizens, greater media and investor scrutiny, or, in some cases, judicial and legislative Specialist in Latin investigations. Moreover, as expectations for good government tend to rise with greater American Affairs affluence, the expanding middle class in Latin America has sought more integrity from its politicians. U.S. congressional interest in addressing corruption comes at a time of this heightened rejection of corruption in public office across several Latin American and Caribbean Clare Ribando Seelke countries. Specialist in Latin American Affairs Whether or not the perception that corruption is increasing is accurate, it is nevertheless fueling civil society efforts to combat corrupt behavior and demand greater accountability. Voter Maureen Taft-Morales discontent and outright indignation has focused on bribery and the economic consequences of Specialist in Latin official corruption, diminished public services, and the link of public corruption to organized American Affairs crime and criminal impunity.