JBS CECO on overcoming ‘fear, anxiety, and chaos’ of taking job post-FCPA settlements


Mike Koenig explained how he helped rebuild JBS Foods’ compliance department following Foreign Corrupt Practices Act (FCPA) settlements with the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) as part of a fireside chat at Compliance Week’s National Conference in Washington, D.C.

Koenig, chief ethics and compliance officer at the Brazil-based food processing giant, joined the company in August 2021 in the midst of its self-disclosure obligations. Koenig brought a wealth of experience to the business, having served as a trial attorney and federal prosecutor with the DOJ for more than two decades.

Despite his background, Koenig said the first six weeks on the job were filled with “fear, anxiety, and chaos.” He confided in the compliance community, including fireside chat moderator Billy Jacobson, partner at law firm Jacobson Lopez and a former assistant chief for FCPA enforcement at the DOJ. Koenig said he called Jacobson “three times a day” when he first started.

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