Comunicação em evento científico
A three-dimensional comparison of the Portuguese and Brazilian corporate governance practices
Ana Carina Fernandes de Sousa (Sousa, A.); José Esperança (Esperança, J.);
Título Evento
PFN 2012 Conference
Ano
2012
Língua
Inglês
País
Portugal
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Abstract/Resumo
Abstract This study provides an embracing overview and comparison of corporate governance practices in Portugal and Brazil, regarding three major dimensions: ownership, the board of directors and managerial compensation. The conclusions reveal important differences and similarities between both countries. Similarities are essentially found in ownership structure, with a clear predominance of family firms, and in board diversity. On the other hand, differences between the two countries include the structure of the board of directors, where Brazilian firms reveal a clearly higher board independence, and executive compensation, where Portugal shows lower levels of compensation.
Agradecimentos/Acknowledgements
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Palavras-chave
Corporate Governance; Shareholders; Board of Directors; Executive compensation