The American law “Foreign Corrupt Practices Acts (FCPA)”, valid only for companies of North American nationality gained new understanding and its reach was extended for any company that operates in the U.S.A. financial market. With this, the 37 Brazilian companies that negotiate ADR (bonds receipts) in the New York Stock market are now under the same law, even in business done outside the U.S.A.
This is an important step in assuring transparency in international trade operations.
No comments:
Post a Comment