Análise de governança corporativa no segmento de previdência complementar

Abstract

The certifications of self-regulation in corporate governance and investments play a relevant role for Closed Pension Entities. In this direction, this article aimed to compare management performance indicators of pension entities proposed by ANCEP, considering two groups with and without certifications in self-regulation in corporate governance and self-regulation in investment governance, from 2020 to 2022. The statistical techniques applied were quantitative, descriptive, and documentary research, comparing medians using the Mann-Whitney test. The main results showed that certifications cannot be linked to differences in investment allocation performance indicators, the ability to meet payment obligations of mathematical provisions through plan coverage assets, and profitability, as they were not significant. This study expands the literature by assessing whether self-regulation certifications in corporate governance and investment governance affect management performance indicators; and as a practical contribution, it highlights the results of performance indicators to stakeholders.