As one of the world’s largest energy producing countries, many US companies have subsidiaries in Brazil, which are subject to the Foreign Corrupt Practices Act (FCPA). Most of these companies have translated versions of the US FCPA compliance program. Such translations often disregard the size, nature, and particularities of Brazilian business, as well as the local risks and legal requirements pertaining to the Brazilian subsidiaries. Although these programs add value to companies, provide more security to investors and avoid reputational damage, aside from other benefits, they are mostly implemented by Brazilian subsidiaries of American companies subject to the FCPA. It is unusual to find a Brazilian company not subject to the FCPA that has a compliance program in place...
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|ZTE announces factory in Hortolandia|
|Tododia - Fri, March 25, 2011|
The multinational company ZTE Corporation, which manufactures equipment for
cellular and wireless Internet, today announced the establishment of a factory
in Hortolandia. The deployment of the unit serves as a decision by the federal
government requires that products manufactured in the country for developing
the National Broadband Plan.
The investment and number of direct jobs generated by the project should be
released today at an event that will be attended by the Minister of Science and
Technology, Mercadante and Mayor Angelo Perugini (PT). The company already
has local production of modems to access the Internet through the manufacturer
Flextronics, also in the region of Campinas.
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