Práticas de governança corporativa sob a perspectiva dos bancos listados na BM&FBOVESPA

Abstract

Corporate Governance emerges as a mechanism to solve the agency conflict, due to the informational asymmetry and the divergence of interests between the parties involved. The adoption of governance practices is essential for improving management and optimizing financial performance of organizations. This work has as main objective to investigate the practices of corporate governance disclosed by the BM&FBovespa listed banks, according to the recommendations established by the corporate governance code of the Brazilian Institute of Corporate Governance (IBGC). The research is based on the study of twenty-seven financial institutions listed in the BM & FBovespa banking segment, in the period of October 2016. The level of disclosure of said corporate governance was obtained from an index composed of twenty items that deal with the Access and content of information; The bodies and agents of corporate governance; And, the ownership structure. In general, the results point to an intermediate degree of adherence to good corporate governance practices.