The binding of the board of directors by the shareholders agreement and the corporate governance

Detalhes bibliográficos
Autor(a) principal: Garbelotti Vinhaes de Araujo, Maria Gabriela
Data de Publicação: 2022
Outros Autores: da Silva Sant'anna, Leonardo
Tipo de documento: Artigo
Título da fonte: Scientia Iuris (Online)
Texto Completo: https://ojs.uel.br/revistas/uel/index.php/iuris/article/view/42673
Resumo: The purpose of this paper is to analyze the applicability of the binding force of the members of the board of directors by the shareholders agreement entered into by and between the controlling shareholders of the company, such analysis shall consider the fiduciary duties of the directors set forth by Brazilian Corporate Law, as well as the corporate governance standards recommended by the Brazilian stock market and by the Brazilian Securities Exchange Commission. Therefore, this study implements a theoretical, documental and bibliographic approach with the analysis of corresponding legislation, scientific papers and case law in connection therewith, in addition, to documental research in order to confirm the compliance of companies with the recommendations displayed by the Brazilian Code of Corporate Governance. This paper brings to light the need for balance between the binding of the board of directors by the shareholders agreement and the pursuit of the companies’ best interests, concluding that the directors shall act independently and refuse to vote in accordance with the shareholders agreement in the event such vote goes against the companies aims and interests.
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spelling The binding of the board of directors by the shareholders agreement and the corporate governanceA vinculação do conselho de administração ao acordo de acionistas e a governança corporativaAcordo de AcionistasConselho de AdministraçãoGovernança CorporativaShareholders Agreement. Board of Directors. Corporate Governance.The purpose of this paper is to analyze the applicability of the binding force of the members of the board of directors by the shareholders agreement entered into by and between the controlling shareholders of the company, such analysis shall consider the fiduciary duties of the directors set forth by Brazilian Corporate Law, as well as the corporate governance standards recommended by the Brazilian stock market and by the Brazilian Securities Exchange Commission. Therefore, this study implements a theoretical, documental and bibliographic approach with the analysis of corresponding legislation, scientific papers and case law in connection therewith, in addition, to documental research in order to confirm the compliance of companies with the recommendations displayed by the Brazilian Code of Corporate Governance. This paper brings to light the need for balance between the binding of the board of directors by the shareholders agreement and the pursuit of the companies’ best interests, concluding that the directors shall act independently and refuse to vote in accordance with the shareholders agreement in the event such vote goes against the companies aims and interests.O objetivo deste artigo é analisar a aplicação da possibilidade de vinculação dos membros do conselho de administração aos acordos de acionistas firmados pelos acionistas controladores, à luz dos deveres fiduciários impostos aos administradores pela Lei 6.404/1976, bem como das boas práticas de governança corporativa, cuja valorização pelo mercado e pela Comissão de Valores Mobiliários é crescente. A metodologia utilizada é a pesquisa teórica de cunho bibliográfico e documental, com a leitura e interpretação da legislação, artigos científicos e jurisprudência sobre o assunto, bem como por meio da análise, por amostragem, de companhias abertas de diversos setores, com vistas a acompanhar a adoção por elas das recomendações do Código Brasileiro de Governança Corporativa, usando-se o método hipotético-dedutivo. Este artigo traz à baila a necessidade de haver um balanceamento entre a vinculação dos conselheiros de administração ao acordo de acionistas e a importância da persecução do interesse social, ressaltando que os conselheiros devem agir com independência e se recusar a votar em consonância com o acordo de acionistas, caso tal voto vá de encontro aos interesses e objetivos sociais.Universidade Estadual de Londrina2022-09-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtigo avaliado pelos Pareshttps://ojs.uel.br/revistas/uel/index.php/iuris/article/view/4267310.5433/2178-8189.2022v26n2p44-65Scientia Iuris; v. 26 n. 2 (2022); 44-652178-81891415-6490reponame:Scientia Iuris (Online)instname:Universidade Estadual de Londrina (UEL)instacron:UELCopyright (c) 2022 Scientia Iurishttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessGarbelotti Vinhaes de Araujo, Maria Gabrielada Silva Sant'anna, Leonardo2022-09-21T22:05:44Zoai:ojs.pkp.sfu.ca:article/42673Revistahttps://www.uel.br/revistas/uel/index.php/iurisPUBhttps://www.uel.br/revistas/uel/index.php/iuris/oairevistamdireito@uel.br2178-81891415-6490opendoar:2022-09-21T22:05:44Scientia Iuris (Online) - Universidade Estadual de Londrina (UEL)false
dc.title.none.fl_str_mv The binding of the board of directors by the shareholders agreement and the corporate governance
A vinculação do conselho de administração ao acordo de acionistas e a governança corporativa
title The binding of the board of directors by the shareholders agreement and the corporate governance
spellingShingle The binding of the board of directors by the shareholders agreement and the corporate governance
Garbelotti Vinhaes de Araujo, Maria Gabriela
Acordo de Acionistas
Conselho de Administração
Governança Corporativa
Shareholders Agreement. Board of Directors. Corporate Governance.
title_short The binding of the board of directors by the shareholders agreement and the corporate governance
title_full The binding of the board of directors by the shareholders agreement and the corporate governance
title_fullStr The binding of the board of directors by the shareholders agreement and the corporate governance
title_full_unstemmed The binding of the board of directors by the shareholders agreement and the corporate governance
title_sort The binding of the board of directors by the shareholders agreement and the corporate governance
author Garbelotti Vinhaes de Araujo, Maria Gabriela
author_facet Garbelotti Vinhaes de Araujo, Maria Gabriela
da Silva Sant'anna, Leonardo
author_role author
author2 da Silva Sant'anna, Leonardo
author2_role author
dc.contributor.author.fl_str_mv Garbelotti Vinhaes de Araujo, Maria Gabriela
da Silva Sant'anna, Leonardo
dc.subject.por.fl_str_mv Acordo de Acionistas
Conselho de Administração
Governança Corporativa
Shareholders Agreement. Board of Directors. Corporate Governance.
topic Acordo de Acionistas
Conselho de Administração
Governança Corporativa
Shareholders Agreement. Board of Directors. Corporate Governance.
description The purpose of this paper is to analyze the applicability of the binding force of the members of the board of directors by the shareholders agreement entered into by and between the controlling shareholders of the company, such analysis shall consider the fiduciary duties of the directors set forth by Brazilian Corporate Law, as well as the corporate governance standards recommended by the Brazilian stock market and by the Brazilian Securities Exchange Commission. Therefore, this study implements a theoretical, documental and bibliographic approach with the analysis of corresponding legislation, scientific papers and case law in connection therewith, in addition, to documental research in order to confirm the compliance of companies with the recommendations displayed by the Brazilian Code of Corporate Governance. This paper brings to light the need for balance between the binding of the board of directors by the shareholders agreement and the pursuit of the companies’ best interests, concluding that the directors shall act independently and refuse to vote in accordance with the shareholders agreement in the event such vote goes against the companies aims and interests.
publishDate 2022
dc.date.none.fl_str_mv 2022-09-21
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artigo avaliado pelos Pares
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://ojs.uel.br/revistas/uel/index.php/iuris/article/view/42673
10.5433/2178-8189.2022v26n2p44-65
url https://ojs.uel.br/revistas/uel/index.php/iuris/article/view/42673
identifier_str_mv 10.5433/2178-8189.2022v26n2p44-65
dc.rights.driver.fl_str_mv Copyright (c) 2022 Scientia Iuris
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 Scientia Iuris
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade Estadual de Londrina
publisher.none.fl_str_mv Universidade Estadual de Londrina
dc.source.none.fl_str_mv Scientia Iuris; v. 26 n. 2 (2022); 44-65
2178-8189
1415-6490
reponame:Scientia Iuris (Online)
instname:Universidade Estadual de Londrina (UEL)
instacron:UEL
instname_str Universidade Estadual de Londrina (UEL)
instacron_str UEL
institution UEL
reponame_str Scientia Iuris (Online)
collection Scientia Iuris (Online)
repository.name.fl_str_mv Scientia Iuris (Online) - Universidade Estadual de Londrina (UEL)
repository.mail.fl_str_mv revistamdireito@uel.br
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