CORPORATE GOVERNANCE IN PUBLIC COMPANIES: A THEORETICAL STUDY

Abstract

Corporate governance is a set of norms and principles adopted in the management of companies focusing on reducing the problem involving the principal agent. Although its adoption has been widely debated in terms of practices adopted in the private sector, the topic has, in recent years, gained prominence in terms of practices adopted in state-owned companies. In this context, the present study aimed to identify the aspects that must be considered to make possible the implementation of corporate governance in public companies. For that, a bibliographical study was carried out, of a qualitative nature and descriptive approach, through the survey of national and international scientific production on the subject. Through the study, it is possible to argue that the adoption of good governance practices in public companies requires adaptations, given that the population, in general, is the great beneficiary of more transparent, sustainable and more equitable practices, which brings new risks and specific challenges to the State. However, bodies such as the Organization for Economic Cooperation and Development (OECD) have focused efforts on determining guidelines and principles for the proper adoption of the public sector.