Mecanismos de governança corporativa e o controle de irregularidades em companhias de capital aberto listadas na B3.

Purpose: The purpose of this research is to verify if the corporate governance mechanisms are associated with the control of irregularities in Brazilian companies, from 1999 to 2017. Design/methodology/approach: An empirical study was developed which considers variables of internal and external components of the corporate governance structure in Brazil, aiming to assess whether these characteristics affect the likelihood of irregularities, based on decisions of the administrative proceedings judged by the Brazilian Securities Commission. Research, Practical & Social implications: Findings include a lack of evidence regarding the influence of board independence and CEO dual roles on irregularities. The presence of the government or a state-owned company as a majority shareholder diminishes governance efficiency, while high share concentration and a good reputation of auditors contribute to irregularity prevention. Originality/value: The research contributes to the expansion of discussions regarding the need for efficient governance mechanisms to mitigate irregularities. [ABSTRACT FROM AUTHOR]