CORPORATE GOVERNANCE AT WORK: THE ATTRIBUTES AND ROLES OF BOARDS IN BRAZILIAN COMPANIES

Download This Article

Abstract

The board of directors is seen as the central governance instrument, promoting interaction between stakeholders and promoting high performance, organization sustainability and return to investors. The practices and strategic definitions of corporative governance are considered of great importance today for corporations, due to the size and to the complexity of their structures (like M _ Forms structures) and the different forms in which they are presented: in networks, associations, partnerships, mergers and acquisitions. The aim of this article is to analyze the constitution of boards of directors, based on their attributes, and the impacts of this classification on the roles and responsibilities of the directors in Brazilian companies. For this, a quantitative survey was performed in the 300 largest companies in Brazil listed in BOVESPA - stock exchange in capital market. The results found point to a strong correlation of some attributes of the directors of the researched firms with the roles and responsibilities of the board, in relation to strategic, control, and institutional dimensions.

Keywords: Corporate Governance, Board, Roles and Responsibilities

How to cite this paper: Martins, H. C., Gonçalves, C. A., Pardini, D. J. (2010). Corporate governance at work: the attributes and roles of boards in Brazilian companies. Corporate Ownership & Control, 7(3), 33-43. https://doi.org/10.22495/cocv7i3p3