Investor Presentaiton
Annual Report
AR
2022
SUMMARY
WHO WE
ARE
OUR
STRENGTH
AND
OUR
RESOURCES
OUR
RESULTS
GOVERNANCE
Governance, structure, and integrity
the
The BCB's governance practices follow
recommendations of federal control bodies, governance
codes and international bodies, in addition to mirroring, as
far as possible, the best practices of other central banks.
The BCB governance model represents the desirable
balance between compliance and performance, translated
into governance practices divided in six fields: autonomy,
leadership, strategy, accountability, integrity,
transparency.
and
The BCB's ICT specific governance model is formed by a set
of structures, mechanisms, and interfaces where roles and
responsibilities are mapped.
The guidelines and actions related to governance are
formalized in policies and other regulations, such as the
Information Security Policy, Information Governance Policy,
Integrated Risk Management Policy, Transparency Policy,
Internal Audit Policy, and in the Master Plan for Information
and Communication Technology.
The Compliance Policy, revised in 2022, indicates the
BCB's commitment to adhere to legal rules and standards
of conduct. Compliance management enables the BCB to
keep the inventory of obligations up to date, which currently
has more than nine hundred regulations, to identify new
vulnerabilities, to plan and monitor corrective actions.
Throughout 2022, activities were also coordinated aiming
towards the adherence to the Brazilian Data Protection Law
(LGPD), such as the preparation and release of the second
volume of the Data Protection Impact Assessment.
The BCB's governance is assessed on a regular basis by
the TCU through the Integrated Public Governance and
Management Index (iGG). The scores obtained by the BCB
and other publicagencies are available on the TCU's website.
In addition to that assessment, the BCB has established
improvements in its Governance Index (IgovBC) in 2022.
The IgovBC seeks to assess the level of maturity of
corporate governance at the BCB, equitably measuring
performance and compliance mechanisms. After four
years, the indicator was updated to better reflect the
institution's governance model. The practices that make
up the indicator were extracted from several sources, such
as the TCU's governance questionnaire, the Governance
Policy of the Federal Public Administration, and the
legislation of other central banks.
The IgovBC is part of the set of thirty Key Performance
Indicators (KPIs) of the BCB. The following section provides
more information about the IgovBC and the other KPIs.
INTEGRITY
High standards of conduct and promotion of integrity are
part of the BCB's daily routine. Those standards translate
in actions such as the Integrity Program, the adoption of a
Code of Conduct, the promotion of actions related to active
transparency and access to information. Also worthy of
mention are the actions for the handling of complaints and
the adoption of accountability, among others.
The BCB Integrity Program, launched in 2018, presents
a structured set of measures aimed at the adherence to
values, principles, and norms of ethical and disciplinary
conduct. In addition, it brings together measures for the
prevention, detection, punishment, and remediation of
fraud. It has three pillars: principles, guidelines, and the
Integrity Plan.
The biennial Integrity Plan (2022/2023) consists of 29
actions. In 2022, nine actions were implemented. Some
of the actions that stand out are the revision of the BCB
Employees' Code of Conduct and the approval of the new
regulation for the BCB Integrity Committee.
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