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State owned companies & "social vision"
State owned companies & "social vision"
President Bolsonaro declared that we must have a social vision referring to state-owned companies. As we all know, In the company statutes, this vision is very well defined.
* All stakeholders, must be considered.
* Governance and compliance criteria
* Mission and values .
It means that the "social vision" is an inherent part of the companies' DNA. Whether state owned or private, it is the same approach.
* Paying taxes and thus contributing to the country's budget.
* Profits make it possible to expand the business generating more jobs and income.
* Financially and economically sound allows a long term outlook.
In Brazil, the harsh reality shows that state-owned companies are generally used by an ingrained system of cronyism, do not have the capacity to invest and the metrics they present are far behind similar companies managed by the private sector, both in Brazil and abroad.
The solution is privatizing state-owned companies, so that they can actually fulfill their mission and thus really benefit Brazilians, with the recommended social vision.
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