Corporate Governance, Historical Rescue And Relationship With Compliance

Abstract

This paper aims to introduce the concept of corporate governance by exploring its origins, historical context, and its relationship with compliance and best practices. The objective is to shed light on the fundamental roots of corporate governance and establish its connection with compliance and best practices, in order to raise awareness and prevent distortions in its understanding. The origins of corporate governance can be traced back to the examination of mismanagement within corporations during the 1970s, while compliance emerged as a response to the growing need for enhanced stability, security, and transparency in international financial transactions. These historical developments underscore the significance and responsibility associated with the subject matter. Originating from the corporate landscape of North America, corporate governance has expanded globally and established strong foundations in Europe and Japan. Brazil, in particular, boasts reputable institutions such as the Brazilian Institute of Corporate Governance (IBGC), the Brazilian Bar Association, and non-governmental organizations like the Legal Ethics Compliance, which serve as valuable references. The advent of the internet has transformed society into an information-driven era, altering the dynamics of knowledge acquisition. Employing an empirical-argumentative research methodology, this study aims to emphasize the relevance of corporate governance and promote a comprehensive understanding of the topic. It highlights the concerning trend of distorting its true significance, often misleadingly presented through oversimplified step-by-step processes and tutorials by inadequately qualified professionals. The paper underscores the importance of adaptation and even reinvention within corporate entities. By providing a proper contextualization of corporate governance, it endeavors to rectify these misconceptions and encourage the appropriate application of corporate governance principles within the corporate landscape. Thus, this research aims to recover the historical origins of corporate governance and preserve its accurate approach and comprehension.