A consolidação dos mecanismos de governança corporativa e integridade nas instituições financeiras sob supervisão do Banco Central do Brasil com ênfase nos pilares de compliance e nas diretrizes ESG

Abstract

The increasing emphasis on responsible practices within financial corporations, combined with the expansion of international standards and Brazilian regulatory requirements, has led to profound changes in administrative conduct patterns, demanding greater adherence to principles of governance, organizational integrity, and environmental sustainability—especially within institutions supervised by the Central Bank of Brazil. In recent years, the Central Bank has strengthened regulatory mechanisms aimed at transparency, compliance, and the mitigation of non-financial risks. This study aims to analyze, from a legal perspective, the interfaces between corporate governance, regulatory compliance programs, and ESG strategies within entities operating in the national financial system, with an emphasis on normative obligations and legal repercussions arising from non-compliance with these pillars. The investigation was conducted through a systematic bibliographic review, supported by specialized doctrine, current legislation, infra-legal regulations from the National Monetary Council and the Central Bank itself, as well as scientific articles addressing the subject from the perspective of contemporary business law. As a result, a progressive convergence between governance practices and compliance instruments was observed, with the environmental, social, and governance triad being embraced not only as a legal requirement but also as a reputational differential that reduces legal liabilities and reinforces the institutional commitment to the public interest. It is concluded that the integration of regulatory compliance, an ethical governance structure, and sustainable guidelines constitutes not only a normative requirement but a paradigmatic reconfiguration of the operation of financial entities in Brazil