Governance:
For IBGC - Brazilian Institute of Corporate Governance, it says that it can be considered as the practices and relationships between shareholders / quotaholders, board of directors, board of directors, independent auditors and the fiscal council, in order to optimize the company's performance and facilitate the access to capital.
Good corporate governance provides stakeholders with the strategic management of your company, and the effective monitoring of executive management, through entities that regulate the control of ownership over management, which are: the board of directors, the independent audit and the board Supervisor.
Some of the fundamental principles of good governance, common to several authors are:
1) transparêncy;
2) equity;
3) accountability;
4) compliance.
5) ethics.
IBGC presents its Code of Best Corporate Governance Practices, which is subdivided into six areas:
1) ownership - shareholders, quota holders, partners;
2) board of directors - representing ownership;
3) management - chief executive officer (CEO) and board;
4) audit - independent audit;
5) inspection - fiscal council.
6) ethics / conflict of interest.
Although Corporate Governance may have been born and is moving towards its consolidation aimed at publicly traded companies, it can and should be seen as an important management tool for organizations in general, be they public or private, from this or that segment of the economy, small or big.
