A question of principles

by Alexandre Di Miceli, May 2013, Capital Aberto

Returning to the origins is the best way of consistently ensuring current advances

Since its inception, the movement for good corporate governance has been driven by steadfast principles. The Cadbury Report, a pioneering reference document on the subject, created in the United Kingdom in 1992, stated that “the Code [of recommended practices] is underpinned by the principles of openness, integrity and accountability. They go hand-in-hand”. Seven years later, the Organization for Economic Cooperation and Development (OECD) launched another reference document, entitled the Principles of Corporate Governance, which reinforced the importance of adopting basic principles.

In Brazil, the Brazilian Institute of Corporate Governance (IBGC, the organization of reference in this area, founded in 1995) has been characterized since its beginnings by the idealism of its founders regarding principles such as commitment, respect for formalities, transparency, independence, accountability, etc. Continue reading…

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