EXTERNAL CONTROL AND THE IMPACTS OF THE NEW BRAZILIAN ANTICORRUPTION ACT
DOI:
https://doi.org/10.22409/rcj.v3i6.133Keywords:
Direito Empresarial, Anticorrupção, Análise Econômica do Direito, Economia dos Custos de Transação, Governança Corporativa, Sistemas de Conformidade, Transaction Costs Economics, Compliance Systems, Derecho empresarial, Economía de los costos de transacciónAbstract
The purpose of the present paper is to discuss the impacts of the enforcement of Brazilian Anti-corruption Act, Law n. 12.846/13, in the light of the transaction costs legal analysis – developed by ‘Transaction Cost Economics” theory (TCE), notably regarding the private mechanisms of external (and internal) control of the economic relations on corporate activities. The article examines the interactions between corporate governance, compliance and external control mechanisms, in order to propose thoughts regarding possible measures to be taken to avoid or to mitigate, by reducing transaction costs, the possible unwitting impacts to be verified as a result of the enforcement of anti-bribery mechanisms.
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