Integrity & Compliance Leadership convenes in Paris to present and discuss Priorities during G20 Anti-Corruption Meeting

The B20 Brasil Integrity & Compliance Chair and Co-chairs attended a series of events in Paris with the aim of presenting and discussing the priorities of the task force during the G20 Anti-Corruption Meeting. ?

From June 25th to 27th, B20 leaders participated in the Second Meeting of the G20 Anti-Corruption Working Group (ACWG), coordinated by the Office of the Comptroller General of Brazil Controladoria-Geral da Uni?o (CGU) and theFrench Co-Presidency. During this event, organized by G20 working group and held on the 25th, Chair Claudia Sender , who leads the B20 task force, took part in the panel titled "Getting incentives right: Experiences and advice for turning policy into action," where she discussed incentives for the private sector to adopt integrity measures.?

During her speech, Claudia answered a question on how the governments and the private sector can work together against corruption and what incentives she considers to be more powerful to convince companies to take anti-corruption compliance seriously.??

“As an executive from the private sector and now as Board Member in different continents, I've learned that only punishment might generate fear that paralyzes and repels investments. That’s why I believe that enforcement alone cannot create the ethical business environment we aspire to. Positive stimulus can promote economic activity through the shared understanding that doing the right thing is beneficial for business. Therefore, governments must create an environment where integrity is rewarded, and corruption is seen as not just illegal but fundamentally unprofitable”, she said.?

“This requires courage, not only from the governmental side, but also from the private side to incentivize integrity and anticorruption measures from within. Incentivizing private integrity is a forward-thinking long-term strategy that aligns the interests of businesses and society”, she finalized.??

The second panel of the first day of the event addressed leniency agreements in multi-jurisdictional cases: "Coordinating resolutions in multijurisdictional cases". Reynaldo Goto , PMO at B20 Integrity and Compliance Task Force was one of the speakers invited to join the discussions around the challenges faced by the private sector in this area. Maria Fernanda Garza Merodio , Co-Chair B20 Integrity and Compliance Task Force / International Chamber of Commerce, and Nicola Allocca , Co-Chair B20 Integrity and Compliance Task Force / Business at OECD, were also present to follow the debate.??

On their second day in Paris, on the 26th of June, the B20 Brasil members hosted a meeting with the support of Business at OECD (BIAC) , network partner of the secretariat, at their headquarters. During this session, the Integrity & Compliance task force discussed the final version of their policy paper, with the aim to finalize three recommendations within their main theme.?

During the week of events in Paris, the leadership of B20 and G20 were part in important high-level dialogue sessions. These meetings served as a valuable opportunity for business leaders and government authorities to align priorities and to contribute to achieving goals of transparency and ethical practices in the global economy.??