Corporate Governance, Historical Rescue And Relationship With Compliance

Marcos Pedroso Neto

doi:10.37497/esg.v4issue.1611

Authors

Marcos Pedroso Neto Universidade do Vale do Rio dos Sinos - UNISINOS, Rio Grande do Sul https://orcid.org/0000-0001-5622-5477

DOI:

https://doi.org/10.37497/esg.v4issue.1611

Keywords:

Corporate governance, Compliance, Best practices, Brazilian Institute of Corporate Governance

Abstract

This paper aims to introduce the concept of corporate governance by exploring its origins, historical context, and its relationship with compliance and best practices. The objective is to shed light on the fundamental roots of corporate governance and establish its connection with compliance and best practices, in order to raise awareness and prevent distortions in its understanding. The origins of corporate governance can be traced back to the examination of mismanagement within corporations during the 1970s, while compliance emerged as a response to the growing need for enhanced stability, security, and transparency in international financial transactions. These historical developments underscore the significance and responsibility associated with the subject matter.

Originating from the corporate landscape of North America, corporate governance has expanded globally and established strong foundations in Europe and Japan. Brazil, in particular, boasts reputable institutions such as the Brazilian Institute of Corporate Governance (IBGC), the Brazilian Bar Association, and non-governmental organizations like the Legal Ethics Compliance, which serve as valuable references. The advent of the internet has transformed society into an information-driven era, altering the dynamics of knowledge acquisition.

Employing an empirical-argumentative research methodology, this study aims to emphasize the relevance of corporate governance and promote a comprehensive understanding of the topic. It highlights the concerning trend of distorting its true significance, often misleadingly presented through oversimplified step-by-step processes and tutorials by inadequately qualified professionals. The paper underscores the importance of adaptation and even reinvention within corporate entities. By providing a proper contextualization of corporate governance, it endeavors to rectify these misconceptions and encourage the appropriate application of corporate governance principles within the corporate landscape. Thus, this research aims to recover the historical origins of corporate governance and preserve its accurate approach and comprehension.

Author Biography

Marcos Pedroso Neto, Universidade do Vale do Rio dos Sinos - UNISINOS, Rio Grande do Sul

Master of Laws (LL.M.), LL.M em Direito Empresarial, 2012 - 2014 Universidade do Vale do Rio dos Sinos - EVE - Estudo de Viabilidade Econômica, Gestão Financeira, 2015 - 2015 UC Irvine, Extension - POS LLM, BUSINESS LAW, 2015 - 2015 Universidade do Vale do Rio dos Sinos - Pós MBA, Governança Corporativa e Gestão de Risco, 2015 - 2016 Universidade do Vale do Rio dos Sinos - Mestrado Profissional em Direito da Empresas e dos Negócios, 2016/2 - 2018/2 Membro da Comissão Especial da Advocacia Corporativa da OAB/RS - 2016 Presidente da Comissão Especial da Advocacia Corporativa -Subseção de Sapucaia do Sul da OAB/RS - 2018-2019 Professor Visitante na Graduação e Pós Graduação da Unisinos.

References

ARNDT, Christiane; OMAM, Charles. Uses and Abuses of Governance Indicators, De- velopment Centre of the Organisation for Economic Co-Operation and Development (OECD). Paris: OECD, 2001.

BARDHAN, Pranab. The Nature of Institutional Impediments to Economic Development, in Olson, Mancur and Satu Kähkönen (eds) A Not-so-Dismal Science: A Broader View of Economies and Societies. Oxford: Oxford University Press, 2000.

BIRD, F.. Good governance: a philosophical discussion of the responsibilities and prac- tices of organizational governors. Canada: Canadian Journal of Administrative Scienc- es, 2001.

CLAGUE, Christopher et al. Democracy, Autocracy and the Institutions Supportive of Economic Growth, in Clague, Christopher (ed.) Institutions and Economic Develop- ment: Growth and Governance in Less-Developed and Post-Socialist Countries. Balti- more: The Johns Hopkins University Press, 1997.

KHAN, Mushtaq H.. Corruption and Governance in Early Capitalism: World Bank Strat- egies and their Limitations, in Pincus, Jonathan and Jeffrey Winters (eds) Reinventing the World Bank. Ithaca: Cornell University Press, 2002.

MORCK, R.. A History of Corporate Governance Around the World. Chicago: NBER, 2005.

WILLIAMSON, O.E.. The mechanisms of governance. Oxford: Oxford University Press, 1996.

WILLIAMSON, Oliver. Markets and Hierarchies: Analysis and Antitrust Implications. New York: The Free Press, 1975.

WILLIAMSON, Oliver. The Economic Institutions of Capitalism. New York: Free Press, 1985.