Corporate covernance and performance in agricultural co-operatives in Brazil

Jean Carlos da Silva  Américo

doi:10.37497/2965-7393.SDGs-Countries.v1.n00.13

Autores/as

Jean Carlos da Silva Américo Universidade Federal do Mato Grosso do Sul

DOI:

https://doi.org/10.37497/2965-7393.SDGs-Countries.v1.n00.13

Palabras clave:

Aagricultural co-operatives, Governance, Agency conflicts, Performance

Resumen

Objective: This study investigates the relationship between corporate governance practices and the performance of agricultural co-operatives in Mato Grosso do Sul, Brazil. It aims to determine if adopting such practices aligns the interests of the co-operatives with their members, thereby reducing agency conflicts.

Method: The study analyzed bylaws and meeting minutes from 2012 to 2014 of 21 co-operatives, totaling 84 documents. These were compared against the 40 governance recommendations from the Brazilian Co-operatives Organization (OCB, 2016), which are categorized into five areas: members and general assembly, management board, supervisory board, advisory bodies and audit, and ombudsman and relations with members.

Results: The majority of the recommended governance practices pertained to the “management board” area. However, the practices most adopted by the co-operatives were in the “members and general assembly” category, emphasizing monitoring efforts. Of the total OCB recommendations, only two were fully adopted by the co-operatives, indicating a low level of corporate governance.

Conclusions: The study concludes that agricultural co-operatives in Mato Grosso do Sul have a long way to go in terms of fully implementing effective corporate governance practices. The current low level of adoption suggests a need for more concerted efforts to integrate these practices to minimize agency conflicts, aligning the interests of co-operatives with their members.

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