Francisco Carlos Fernandes

Riscos e controles internos: uma metodologia de mensuração dos níveis de controle de riscos empresariais

This paper presents a control measurement methodology applied in the processes performed by any entity. The methodology is derived from the analysis of the mitigation capabilities of the controls currently in use by the entity. The method enables risk managers to identify which risks require urgent actions to improve the control levels, which risks are already adequately controlled and which ones are in a situation of excessive control. This kind of information can play an important role to improve the application of available internal risk and control management resources in companies. The methodology was applied to a case study and revealed to be a satisfactory tool to assess and identify control levels.

Proposta de um modelo de relatório de administração para o setor público baseado no Parecer de Orientação nº 15/87 da Comissão de Valores Mobiliários: um instrumento de governança corporativa para a administração pública

Este artigo analisa os gastos publicos dos 10 maiores municipios dos estados da regiao Sul do Brasil, revelando a ausencia de transparencia nos demonstrativos publicados pelas administracoes publicas. Assim, propoe um relatorio de administracao para o setor publico baseado no Parecer de Orientacao no15/87 da Comissao de Valores Mobiliarios (CVM), como forma de aumentar a transparencia das demonstracoes contabeis publicadas pela administracao publica, atendendo aos principios de boas praticas de governanca.

Gestão de riscos e sustentabilidade na indústria de transformação

Este artigo tem como objetivo analisar as principais diferencas na politica de gestao de riscos e no desempenho das industrias brasileiras de transformacao consideradas sustentaveis, de forma comparativa aquelas dos mesmos segmentos listadas na BMFB carnes e derivados; servicos medicos, hospitalares, analises e diagnosticos; madeira; papel e celulose; siderurgia; maquinas e equipamentos industriais; produtos de uso pessoal; material aeronautico e de defesa; e minerais metalicos. Esta amostra foi segregada em dois grupos: (1) empresas que pertencem a carteira teorica do Indice de Sustentabilidade Empresarial (ISE) e (2) empresas que nao possuem tal caracteristica. Os resultados encontrados na amostra investigada permitiram observar que quanto ao desempenho nao foram encontradas diferencas significativas no desempenho economico e financeiro entre os grupos de empresas analisados. Todavia, quanto a gestao de riscos, os resultados demonstraram diferencas estatisticamente significativas. Deste modo, as empresas consideradas sustentaveis evidenciam de maneira mais adequadamente as medidas de gestao de riscos adotadas, comparativamente as suas contrapartes.

GESTÃO DE RISCO NAS ATIVIDADES DE INVESTIMENTO DOS REGIMES PRÓPRIOS DE PREVIDÊNCIA SOCIAL (RPPS) DOS MUNICÍPIOS DO ESTADO DO RIO GRANDE DO SUL

The objective of this work is to identify the mechanisms of risk management currently adopted in investment activities of municipal retirement plans (RPPS) of the State of Rio Grande do Sul, Brazil. The methodology applied in the research is descriptive (using survey techniques) and quantitative (using probabilistic research). The research was accomplished in the period of December 2007 to February 2008 in the 303 municipal districts of the State of Rio Grande do Sul that maintain constituted RPPS. The survey received 84 municipal districts responses, allowing the research to reach a 9% error level in the probabilistic approach. The results of the research demonstrate 58% of the managers of RPPS declare not to possess a formalized investment policy; 70% declared not to maintain specific investment management sound practices and 74% informed they not to have investment management specific support systems. The cluster analysis provided the characterization of districts grouped by risk management practices combined with other socio-economic indicators. Three distinct clusters were identified, showing, as expected, the best practices among the RPPS are adopted by larger districts with larger investment volumes. Finally, in spite of Brazilian regulation recent advances, the results of the research demonstrate that mechanisms of risk control are not adopted in risk management of the investment activities of municipal retirement plans.

Estruturas de governança híbridas em redes de cooperativas de crédito brasileiras e canadenses sob a ótica da teoria dos custos de transação

This paper aims at building a theoretical model that characterizes the influence of Hybrid Governance Structures (HGS) in Transaction Costs (TC) of credit cooperatives networks in Brazil and Canada. From the characterization of the variables that influence the TC, its possible to perform a discrete analysis of hybrid forms of governance which is characteristic of strategic networks of credit cooperatives canadian Desjardins and brazilian Sicredi. The case studies analysis proved that the evolution of HGS was simultaneous with the evolution of the legal and institutional environment, in a dialectical process. However, one can see that while evolving from different legal and institutional environments, there is a tendency to homogeneity in these networks, at least in the creation of ad hoc institutions to deal with the most significant TC. An equation was inferred at the final section of the work, to perform the comparison of the costs of HGS with the transaction of financial intermediation of credit cooperatives networks. The model can be used to compare the analysed TC with the correpondent costs of lean financial institutions. According to this equation, the cost to carry out internal transactions to the network, in addition to the costs arising from the political and social pressures present in this type of institution, must be less than or equal to TC of financial institutions with hierarchical governance structures. This not only corroborates the discriminating alignment hypothesis of Williamson (2005), but adds elements for classification and analysis of these costs.

RELATIONSHIP BETWEEN THE DISCLOSURE OF EXECUTIVE COMPENSATION INFORMATION AND CORPORATE GOVERNANCE

The study aimed to verify whether the index of conformity of the information disclosed by thebanks listed on the BM&FBOVESPA on executive compensation is correlated with the corporategovernance index. The study is characterized as descriptive, conducted through desk research andquantitative approach. Data were collected from the balance sheet, notes, management reports andannual financial statements are available on the website of BM&FBOVEPA websites andorganizations. The study population included the 15 banks participating in the Level 1, Level 2 andNew Market of BM&FBOVESPA and the data was analyzed by Pearson correlationcoefficient. The findings about the compliance index over executive compensation revealed thatfinancial institutions participating in Level 1 of BM&FBOVESPA stood out, since they had thehighest average rate of compliance. Regarding the corporate governance index, an average rate of76%, still far from 100%, was observed. The company with the lowest rate reached 50% of a totalof 20 analyzed items, while the maximum was 90%. The study confirmed that companies withhigher rates of compliance of information released about executive compensation present bettercorporate governance indices.

AVALIAÇÃO DA IMPLANTAÇÃO DE ENTERPRISE RESOURCE PLANNING (ERP) NA PERSPECTIVA DOS USUÁRIOS DE UM HOSPITAL UNIVERSITÁRIO FEDERAL BRASILEIRO

E perceptivel que os sistemas Enterprise Resource Planning (ERP) trazem integracao de operacoes e informacoes, compensando o investimento em sua implantacao, mas tambem trazem riscos em razao de sua complexidade, recursos financeiros e humanos despendidos, tempo e conhecimento empregado. Apesar dos grandes riscos e desafios ligados as questoes tecnicas de sua implantacao, muito tem se discutido com relacao as falhas de cunho organizacional. O artigo tem por objetivo analisar a influencia do treinamento de usuarios sobre a aceitacao e utilidade de um sistema ERP em um Hospital Universitario da Universidade Federal da Grande Dourados (HU/UFGD). Para cumprir tal objetivo, caracterizou-se o Hospital Universitario, alem de contextualizar o processo de implantacao do ERP e posteriormente avaliar o treinamento dos usuarios para utilizacao do sistema e investigar a aceitacao dos usuarios em relacao as mudancas no uso da nova tecnologia. A pesquisa caracteriza-se como descritiva por meio de um estudo de caso e abordagem quantitativa e qualitativa, para o tratamento dos dados. Foi utilizado questionario para coleta de informacoes junto aos usuarios do sistema e outro com os coordenadores setoriais board e entrevista com o Diretor Geral do HU/UFGD. Os resultados apontam que o treinamento realizado para a fase inicial de implantacao mostra-se positivo, contudo com restricao a sua elaboracao e aplicacao, de acordo com a Direcao Geral, ha uma expectativa de melhora operacional do hospital, principalmente, em relacao aos prontuarios medicos, alem de acelerar o processo de obtencao de dados de cada paciente.

ANALYSIS OF INVESTMENTS IN COMPANIES OF TECHNOLOGY:INSTRUMENTS USED BY SANTA CATARINA'S COMPANIES

Now, the process of investments in the companies in general is focused in the risk of the investment. The use of the economic resources, in technology companies, obeys the same orientations, and the focus is in the permanent evaluation of the undertaken expenses compared with the expected benefits in the project. This work looked for to analyze the instruments used in the analysis of investments by the technology companies for new products. For so much, an exploratory study was accomplished, of bibliographical nature, with qualitative approach, accompanied of a case study in the small ones and averages companies of associated technology ACCEPTS her - Association Catarinense of Companies of Technology. The used instrument was application of a questionnaire on techniques of analysis of investments. With the structured data, it was made an analysis and interpretation of the results, identifying the criterion of decision that took to the companies opt her for such answers. He identified the instruments of analysis of investments more used by the technology companies when of the development of new products. Among them, the research pointed the Cash flow, as used. In fact, the cash flow is one of the instruments of easy application and use among the methods of analysis of investments.