Diversidade da alta gestão e disclosure de risco nas companhias abertas premiadas pela ABRASCA

Abstract

Today's business environment has proven to be increasingly competitive, and organizations continually seek better corporate governance strategies. There is a debate about the real contribution of the diversity of high management in corporate strategies. The board of directors is a central instrument of governance and an important source for management monitoring, while the executive board has a decision-making role and compliance with established strategies. Thus, it is worth considering that the organizational structure of these bodies can contribute to an approximation between stakeholders, collaborating with practices oriented to give greater visibility and transparency to business information, including risk. The aim of this research is to analyze the relationship between diversity of the board of directors and executive board and the disclosure of risk in publicly awarded companies by ABRASCA. We evaluated 94 reference forms published by the companies in the years 2017- 2018. The research used descriptive statistical analysis of the data to verify whether the diversity of the board of directors and the executive board impact the disclosure of risk. For this, we considered the participation of women, the average age and the heterogeneity of academic training to measure the diversity of high management. The results showed that the general objective was achieved, demonstrating evidence of the relationships between the constructs. The research thus contributes to the investigation of the influence of the diversity of high management and the disclosure of risk, considering that the behavior of management and the characteristics of the company are determinants of risk disclosure.