Resumo

Redefining the purpose of the firm impacts firm boundaries which is a fundamental basis to understand how the firm treats its stakeholders. This shift may threaten the violation of duties and rights. Understand stakeholders are “persons or groups that have, or claim, ownership, rights, or interests in a corporation and its activities, past, present, or future.Stakeholders’ rights should be protected by the Data Protection law.

The research objectives are (1) Identifying the employees’ issues in the Human and Social Capital dimensions ; (2) identifying the LGPD criteria in the Human and Social Capital dimensions ; (3) analyzing the impacts the LGPD criteria have on the employees’ issues attendance (4) analyzing the impacts LGPD rules have on employees’ data disclosure. The research thesis is that the Data Protection Law norms can be a boundary for the firm when disclosing employees’ data on its annual reports.

Stakeholders with similar interests, claims, or rights are classified as belonging to the same group. The organization's total value creation is the joint stakeholders' value creation based on trust, respect, and transparency. the firm has to develop a transparent, trustworthiness plan to disclose employees’ data and give them an awareness of how to use his/her data in possible economic transactions.

This study is an applied qualitative exploratory and descriptive research. We chose the documental research method using secondary data to investigate the 2018, 2019, 2020, and 2021 annual reports of the four major banks listed in the Sustainability Index of the Brazilian Stock Market – ISEB3. Our research is divided into three phases. Phase 1 identifies the data disclosure by each listed company based on Clarkson (1995) and LGPD criteria. Phase two compares them and Phase three analysis Data Protection Law’s impact on companies’ sustainability reports on employee data disclosure dimensions.

the implementation of an LGPD compliance program is not only a fulfillment of a legal requirement but is also seen as a considerable competitive advantage for the firm . We also understand positively as defined by more transparency on how data is disclosed and guaranteeing employees access to that.That means that employees'data that companies used to have and were not obliged to disclose and therefore may have been used as power and influence tools in negotiations to gain a competitive advantage can not be used like that any longer.

the results show that the LGPD impacted positively on employees’ data disclosure in the sample companies’ annual reports.the results evidence the fact that companies can no longer do whatever their owners and managers want to. Stakeholders’ rights and claims are as important as companies’.as property rights are not absolute, neither the company nor any of its stakeholders have the right or claims fully addressed. It has to be a joint value creation process to guarantee business performance and stakeholders’ issues attendance simultaneously.

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