Source: Portal Fator Brasil - Rio de Janeiro / RJ - COMPANIES & BUSINESS - 08/12/2010

São Paulo - The new chairman of the Board of Directors of the Brazilian Institute of Ethics in Competition (ETCO), Hoche Pulcherio, announced on December 07 (Tuesday), the change in the direction of the Institute. After four years at the helm of ETCO, André Franco Montoro Filho was invited to serve on the Advisory Board and will remain in the position of chief executive until his successor is defined.

As chief executive of ETCO, Montoro Filho actively participated in the consolidation of the Institute and led works recognized as the publication of the books Culture of Transgressions I and II, the series of estimates of the Underground Economy Index, support for the implementation of the Electronic Invoice - and, now, the NFe BI, - and the management of the Free City of Piracy and Illegal Trade program, of the National Council to Combat Piracy (CNCP).

“He leaves for his future successor a legacy of accomplishments that will certainly lay the foundations for the development of an ethical and healthy business environment”, says Pulcherio, affirming that the presence of Montoro Filho in the Consultative Council “will be fundamental not only for the competence and deep knowledge of the issues defended by ETCO, as well as the integrity and tranquility with which it conducts issues of great relevance to our country ”.

At the request of the Board of Directors, Montoro Filho will remain at ETCO until the replacement is defined, maintaining, until then, all his functions and work routine with the same commitment with which he has been directing the Institute in these four years.

ETCO - Founded in 2003, the Brazilian Institute of Ethics in Competition is a civil society organization of public interest - OSCIP - with the aim of promoting competitive ethics to improve the business environment and stimulate economic growth. To this end, it develops actions to combat competitive imbalances caused by tax evasion, informality, forgery and other misconduct. It also seeks to raise society's awareness of the social harms of unethical practices and their negative effects on the country's growth. The ETCO comprises: six sectoral chambers bringing together companies in the technology, medicine, fuel, tobacco, beer and soft drink segments.