Over recent years, Brazil has been trying to improve the corporate governance of its public companies in order to encourage investment in shares by both Brazilian and foreign investors. Within this context, BM&FBovespa (the São Paulo Stock Exchange) developed a listing category called the ‘Novo Mercado’, containing a series of different levels, designed to improve the process of corporate governance amongst Brazilian companies. However, any principle or law can only have any real impact if it is implemented, required and – most importantly – demanded by investors and regulators. The Novo Mercado was an important step forward for the improvement of corporate governance in Brazil, even though adhesion to any one of its levels is undertaken voluntarily by the companies and their controlling shareholders. Find out more at:
Saiba mais: http://www.bmfbovespa.com.br/Pdf/Folder_NovoMercado.pdf
| < Prev | Next > |
|---|
