GOOD CORPORATE GOVERNANCE: OBSERVATIONS AND RECOMMENDATIONS FOR THE NON-GOVERNMENTAL ORGANIZATIONS SECTOR. THE IMPORTANCE OF IMPLEMENTING AN E FFECTIVE COMPLIANCE PROGRAM IN ORDER TO ABIDE BY LAW N. 12.846/2015.

This work aims to present and suggest good governance practices that can be applied to Third Sector organizations. Without any means of exhausting the topic, the article points out the potential benefits of adopting transparency and control mechanisms, both internal and external, to allow a more professional management of such entities, since those practices can help reduce information asymmetry and mitigate agency problems, always in the search for efficient social performance. The text also provides an overview of the most relevant laws that regulate nonprofit organizations and analyzes several legal requirements from the perspective of good governance practices. In the end, since compliance can be considered one of the pillars of good governance, the text highlights the importance of adopting an efficient program to abide by Lawn. 12.846/2013 and Decree n. 8420/2015.