Odebrecht and Braskem will have an American inspector.
The agreement signed by Odebrecht and Braskem with authorities in the United States and Switzerland as part of Operation Lava Jato imposes external surveillance on the companies; for three years, an inspector will have access to all data, documents, and activities of employees and even directors of the companies; their role will be to monitor compliance with the agreement, preventing new cases of corruption; this monitoring is one of the requirements imposed on the companies by the US Department of Justice (DoJ).
247 - The agreement signed by Odebrecht and Braskem with authorities in the United States and Switzerland as part of Operation Lava Jato imposes external surveillance on the companies. For three years, an inspector will have access to all data, documents, and activities of employees and even directors of the companies. Their role will be to monitor compliance with the agreement, preventing new cases of corruption. This monitoring is one of the requirements imposed on the companies by the U.S. Department of Justice (DoJ).
As information They are from O Globo.
"Odebrecht and Braskem will submit shortlists of three names, but the final choice will be up to the DoJ."
Before that, the external auditor will go through a series of interviews and will have to present certificates proving an unblemished reputation. He will deliver a work plan within 60 days to ensure that companies implement an anti-corruption policy. He will also produce periodic reports on the companies' business dealings and employee conduct.
In the event of any irregularities identified by the monitor, the companies are subject to termination of the agreement and prosecution in American courts. In that case, according to sources involved in the agreement consulted by GLOBO, the companies would be subject to fines at least 10 times greater than those already agreed upon. Under the terms of the agreement, Odebrecht and Braskem will pay R$ 11.6 billion.
The compliance measures that the monitor will have to implement are strict. Odebrecht, for example, will have to dismiss at least 51 employees for their involvement in corrupt practices.
Another 26 employees of the construction company who were involved in irregularities will be subject to fines and may be suspended from working for the company for up to a year and a half. They will be barred from holding management positions and will undergo training in anti-corruption policy and ethics.