CORPORATE GOVERNANCE AND COMPLIANCE: THE EXPERIENCE OF ELETROBRAS IN THE LIGHT OF THE STATE LAW 13.303 / 2016

The article objective is to investigate Eletrobras' corporate governance and compliance practices, based on the agency theory. Therefore, a qualitative research was carried out, using the Delphi method, with 13 experts who answered the questionnaire that sought to investigate the relationship between the company's performance and best corporate governance practices arising from the application of Law 13.303/2016. The results show that, despite the late implementation of governance, there was an increase in the participation of independent directors in the composition of the Board, generating an increase in the transparency and professionalization of decisions and a reduction in the power concentration.