I was recently looking for a summarized version of a Random Walk Down Wall Street from Burton Malkiel when I came across this website. These are some really nice “Booklets” which are condensed versions of books, concepts or ideas. These are perfect to get a summary of something you have have already read, or something that interests you and can use to start digging deeper.
The Odebrecht Group: Ethical Insight
Here is a paper I wrote (with 3 colleagues) on the graft and fraud within The Odebrecht Group.
December 11, 2018
The Odebrecht Group, established in 1944, was once a flourishing family run business that grew into a $40 billion conglomerate. The company operates within the construction and engineering industry through the development of infrastructure and energy projects. During a money laundering investigation in 2015, The Odebrecht Group was found to be a key company at the center of one of the largest bribery and corruption scandals in the world. The company admitted to using deceitful tactics to gain business around the globe. These tactics proved not only to be contradictory to the company’s guiding principles, but also against the law in many countries. Since this unethical behavior came to light, the company has faced many financial and reputational repercussions. However, The Odebrecht Group is currently making strides to better its compliance programs and leadership. To further these efforts, the company should establish practices to improve the company’s overall ethical culture, enhance ethical leadership commitment and build upon compliance monitoring structures.