RELATIONAL RISKS IN COMPANIES PARTICIPATING IN THE INTEGRATED REPORTING PILOT PROJECT IN BRAZIL

ABSTRACT

The Integrated Report (IR) should provide a view of the quality of the relationships that the organization has with its stakeholders and highlight the risks that affect the ability to generate value in the short, medium and long term. In view of this, this study aims to investigate how relational risks are disclosed by companies participating in the RI pilot project in Brazil. For this, RI content analysis of 11 companies participating in the pilot project was carried out. The results showed that although the relational risks have representativeness in the relationship between organizations, they are disclosed in a non-standardized, implicit and dispersed manner throughout the document. When classifying the risks evidenced in the categories of relational risks, the predominance of the disclosure of risks of potential conflict and non-learning was observed. On the other hand, the risk of invasion was not disclosed by any company. To serve the purpose of RI, organizations must make it more understandable about relational risks and ways to mitigate them. Guidance from the International Integrated Reporting Council regarding the disclosure of relational risks by companies can improve the standardization of the information disclosed and the informative power of RI to external users.

Keywords:
Relational Risks; Integrated Reporting; Interorganizational Relations