Boards of directors of publicly-held companies in Brazil: Profile and implications for minority shareholders

Corporate Governance: An International Review

Volumn 14, Issue 2, 2006, Pages 98-106

  Saito, Richard ^a,b   Dutra, Marcos Galileu Lorena ^c,d  

^a FUNDAÇÃO GETÚLIO VARGAS   (Brazil)

^b Finenge   (Brazil)

^c Brazilian Securities and Exchange Commission (CVM)   (Brazil)

^d Federal Administrative Court of Appeals for the Financial Industry ^*

Author keywords

Board of directors; Brazil; Voting mechanisms

Indexed keywords

EID: 33644768453     PISSN: 09648410     EISSN: 14678683     Source Type: Journal    
DOI: 10.1111/j.1467-8683.2006.00490.x     Document Type: Article

References (24)

1. Agrawal, A. and Knoeber, C. R. (1996) Firm Performance and Mechanisms to Control Agency Problems Between Managers and Shareholders, Journal of Financial and Quantitative Analysis, 31, 377-390.
2. Barclay, M. J. and Holderness, C. G. (1989) Private Benefits from Control of Public Corporations, Journal of Financial Economics, 20, 371-395.
3. Bebchuk, L. A. (1999) A Rent-Protection Theory of Corporate Ownership and Control. NBER Working Paper No. 7203. Cambridge: National Bureau of Economic Research.
4. Bebchuk, L. A., Kraakman, R. and Triantis, G. G. (2000) Stock pyramids, cross-ownership, and dual class equity: The mechanisms and agency costs of separating control from cash-flow rights. In Randall K. Morck (ed.) Concentrated Corporate Ownership. Chicago: University of Chicago Press, Chap. 10, pp. 295-317.
5. Berndt, M. (November 2000) Global Differences in Corporate Governance Systems: Theory and Implications for Reforms. Discussion Paper No. 303. Cambridge: Harvard Law School.
6. Bhagat, S. and Black, B. (2000) Board Independence and Long Term Firm Performance. Working Paper No. 143. New York: Columbia Law School.
7. Bovespa (2000) Princípios de Governança Corporativa da OCDE. São Paulo: Bovespa.
8. Byrd, J. W. and Hickman, K. A. (1992) Do Outside Directors Monitor Managers? Evidence from Tender Offer Bids, Journal of Financial Economics (Amsterdam), 32, 195-221.
9. Carmo, E. de S. (1988) Relações Jurídicas na Administração das S.A. Rio de Janeiro: Aide Editora.
10. Confederação Nacional das Bolsas de Valores (2000) Relatório Anual 1999. Belo Horizonte: CNBV.
11. Cunha, M. (2000) Governança Corporativa e os Players do Mercado. In A Nova Lei das S.A. e a Governança Corporativa, 2000, São Paulo. Anais. São Paulo: IIR Conferences.
12. IBGC (Institute Brasileiro de Governança Corporativa) (2000) Código das Melhores Práticas de Governança Corporative. São Paulo: IBGC.
13. Johnson, S., La Porta, R., Lopez-de-Silanez, F. and Shleifer, A. (2000) Tunneling. NBER Working Paper No. W7523. Cambridge: National Bureau of Economic Research.
14. La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. W. (1998) Law and Finance, Journal of Political Economy (Chicago), 106, 1113-1155.
15. La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (1999) Corporate Ownership Around the World, Journal of Finance (Cambridge), 54, 471-517.
16. Lodi, J. B. (2000) Governança Corporativa: O Governo da Empresa e o Conselho de Administração. São Paulo: Campus.
17. Mônaco, D. C. (2000) Estudo da Composição dos Conselhos de Administração e Instrumentos de Controle das Sociedades par Ações no Brasil. São Paulo: USP/Faculdade de Economia e Administração (Dissertação, Mestrado, Departamento de Administração).
18. Nenova, T. (2000) The Value of Corporate Votes and Control Benefits: A Cross-Country Analysis. Working paper. Boston: Harvard University.
19. Rosenstein, S. and Wyatt, J. G. (1990) Outside Directors, Board Independence and Shareholder Wealth, Journal of Financial Economics (Amsterdam), 26, 175-191.
20. Siqueira, T. V. de (1998) Concentração da Propriedade nas Empresas Brasileiras de Capital Aberto, Revista do BNDES (Rio de Janeiro) 10 (dezembro).
21. Spencer Stuart (2000) Index Spencer Stuart de Conselhos de Administração. São Paulo: Spencer Stuart.
22. Valadares, S. M. and Leal, R. P. C. (1999-2000) Ownership and Control Structure of Brazilian Companies, Revista Abante (Santiago), 3, 29-56.
23. Ventura, L. C. (2000) A Composição dos Conselhos de Administração das Empresas de Capital Aberto no Brasil. Research report, São Paulo.
24. Weisbach, M. S. (1988) Outside Directors and CEO Turnover, Journal of Financial Economics (Amsterdam), 20, 431-460.