Reflexões sobre o interesse social e a finalidade da companhia no Direito brasileiro

Authors

DOI:

https://doi.org/10.21708/issn2526-9488.v10.n19.p46-61.2026

Abstract

BRIEF CONSIDERATIONS ON THE SOCIAL INTEREST AND PURPOSE OF THE CORPORATION IN BRAZILIAN LAW

ABSTRACT

This paper aims to examine the issue of social interest and the purpose of the company within the framework of Law No. 6,404/1976. Social interest is the subject of extensive debate, in which two dominant approaches oppose each other. On the one hand, there are contractualist theories, which align the interests of the company with those of its shareholders. On the other hand, there are institutionalist theories, which view the company as having its own interest, focused on the public good and the interests of third parties with whom it interacts. The paper will seek to demonstrate that the company’s interest is often confused with its purpose. These two concepts (social interest and the company’s purpose) appear distinctly in corporate law, and their differentiation can contribute to reframing the study of the topic. Using the deductive method, through a bibliographic review, it is argued that the company has a social interest that is institutional in nature, aimed at protecting the expectations of third parties that have a relationship with it, but also has a clear purpose, which is the maximization and distribution of profits to its shareholders.

Keywords: Social interest; Institutionalism; Contractualism; Company purpose.

Author Biographies

Ricardo Mafra, Universidade do Estado do Rio de Janeiro (UERJ)

Professor Adjunto de Direito Comercial da Faculdade de Direito da Universidade do Estado do Rio de Janeiro. Doutor e mestre em Direito Empresarial pela UERJ. Mestre em Direito Empresarial (Business Law) pela University of California, Los Angeles School of Law.

Daniel Figueira Borges, Universidade do Estado do Rio de Janeiro (UERJ)

Mestre em Direito Empresarial pela Universidade do Estado do Rio de Janeiro – UERJ. Pós-Graduado em Direito Societário e Mercado de Capitais pela Fundação Getúlio Vargas – FGV/Rio. Bacharel em Direito pela Faculdade Nacional de Direito da Universidade Federal do Rio de Janeiro - UFRJ.

Published

2026-06-16

Issue

Section

FLUXO CONTÍNUO

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