The binding of the board of directors by the shareholders agreement and the corporate governance
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Data de Publicação: | 2022 |
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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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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 |
_version_ |
1750315386722582528 |