The corporate governance issue has been studied for less than three decades and can be considered a relatively new subject. Studies and discussions on corporate governance have gained increasing prominence in the corporate environment strongly impacting the market, in the media and in academia. Corporate governance systems may have different characteristics according to the economic, political, regulatory, and legal standpoint in a country and is also regarded as a dynamic system with practices in the process of evolution, which have been improved in recent decades. A good governance system helps strengthen companies. However, the degree of sophistication of the discussions surrounding the issue has gained new and diverse developments. Currently, one aspect highlighted is the increasing demand for new monitoring and control mechanisms, especially when it comes to the separation of ownership and control between shareholders and managers. Within this system of governance, one of the board of directors’ responsibilities is to ensure that the board preemptively identifies the main risks to which organizations are exposed, and their probability of occurrence, the financial exposure to these risks and measures and procedures adopted for their prevention or mitigation. Also it is the duty of this collegiate who continuously supervises the management in respect of such risks. It is worth noting that for a good governance system, it is necessary that it be properly managed so that administrators have subsidies at the time of decision making.