Grau de divulgação de informações de governança nas empresas no setor de petróleo, gás e biocombustíveis listadas na B3

Abstract

Corporate governance has proven to be a relevant component in ensuring transparency and accountability of companies towards their stakeholders. The purpose of this study is to analyze the degree of disclosure of corporate governance information in oil, gas and biofuel companies listed on B3. To this end, we used an analysis tool adapted from Marques et al. (2018) and Barroso et al. (2021), which consists of 19 binary questions that assess transparency, and the practices implemented. This qualitative and descriptive research studied corporate financial, sustainability reports, and the governance sections of 12 companies in the sector listed on B3. The findings indicate a wide variation in information disclosure, with some companies adopting high standards of governance, while others still show deficiencies in transparency and adherence to best practices. As a contribution, this study can guide investors and regulatory authorities regarding the quality of governance practices in the sector, highlighting the need for greater standardization and transparency in the disclosure of such information.