The globalization, among others events, brought for the productive sector of public domain the necessity of some adjustments and reorganization to be able to continue justifying the performance of the State in the economy. Thus, in the last years it was to consider it that the performance of the state-owned companies must be based in the responsibility with its owners, the governments and the others interested parties, and the corporate governance must be an instrument for the achievement of such objective. In the work, it was understood that the social politics of the state-owned enterprises, when managed well, can be part of an efficient strategy of value generation, in the scope of the theories of stakeholders. Therefore, it was objectified to investigate as the accomplishment of good practical of corporate governance in the state-owned enterprises can contribute so that the social arm of the corporation improves the financial performance instead of if restricting the action of partisan interests. One concluded that such companies must consider the strategies associates to the idea of corporative social responsibility under some restrictions.
corporate governance; corporate social responsibility; State-owned enterprises; management risk
