Uma análise do nível de adoção de boas práticas de governança corporativa pelas empresas brasileiras

Abstract

In recent years, several changes made necessary to use methods to improve the quality of company management. Corporative governance appears as a response to these changes, and since then, it has been widespread and established in organizations. In Brazil, market institutions (IBGC, CVM and BM & FBOVESPA) began to encourage to adoption of good Corporative Governance practices. Emphasize the development of the Code of the Best Practices of Corporative Governance of IBGC, the primer of Good Governance of CVM, and the creation of different levels of trading in the BOVESPA. This study aims to know how the set of good Corporate Governance practices of the Brazilian company is. For this, was realized a descriptive study about characteristics of corporate governance using as sample the 100 largest companies in Brazil. The methodology used in the study was descriptive, qualitativequantitative and documentary. The search results show an improvement and a trend of Brazilian companies to adopt good corporative governance practices. It is noteworthy, the voluntary accession of 80% of companies with different levels of BOVESPA. Companies are already ceasing to issue preferred shares. The composition of the Board of Directors, in most companies, attends to recommended by market institutions. Managers are receiving incentives that can improve the quality of management. Taken together, the results indicate that the Brazilian company has good set of corporative governance practices, although there is still room for improvements.