In the first place, by following the companies’ results and publication of Material Facts. It is important to frequently check the filings and postings at the CVM site that each company does, as some documents are only available there or are easier to find versus the investor relation site. Many public companies hold quarterly teleconferences for the publication of results, as well as open meetings (APIMEC). It is also important to question and understand these results and information in order to recognize their effects for minority shareholders and the future of the company itself.
Another important point is to present any suspicions of irregularity or harm to minority shareholders to the Department of Investor Relations and the CVM (complaints can be done in written form or through CVM´s web site) . In addition, the Corporate Law establishes rights that need to be checked upon in order for their principles and compliance to be demanded. Careful monitoring by minority shareholders will aid in improving corporate governance in Brazil, as well as making the CVM more effective and efficient in its role as sheriff to the market. A more transparent market with better corporate governance will be a better market for investment in shares – for both minority shareholders and companies.
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