Impacto da governança corporativa no Disclosure de passivos contingentes de empresas abertas

Abstract

This study aims to verify the relationship between Corporate Governance and the disclosure of contingent liabilities in 50 public companies that traded the most shares between 2010 and 2017 in Brazil. Our theoretical framework includes concepts like Disclosure, contingent liabilities and corporate governance (Board of Directors). The data was colected from Comdinheiro’s database and also from the enterprises’ financial statements about the categories that represent the characteristics contingent. Therefore, we identified that the Board of Directors’ Independence has significant influence on the disclosure of the nature of contingent liabilities. Similary, the Board of Directors’ size and the quantity of board meetings have direct impact on the balance of amounts of contingente liabilities (Environmental; Civil; Labor; Tax; Guarantees), that are available in the Notes to the financial statements.