Amec submits suggestion on the reformulation of Novo Mercado

BM&FBovespa has been preparing a new proposal on the reformulation of Novo Mercado, on which Amec – the Association of Capital Market Investors – has also congratulated the regulator. The association took advantage of the official letter to highlight the most important items – in the opinion of its members – to be considered in this process of rethinking a more differentiated corporate governance level in the Brazilian capital market.
In the document, Amec remembers that the Novo Mercado enabled the opening of a primary stock market in Brazil and that it has been globally recognized as a success case. The list of suggestions made by the association includes topics such as the change of the rules related to the leaving of a segment, revision of the rules of the Arbitration Chamber (requesting more transparency and visibility of jurisprudence) and the integral release of management compensation, as established by CVM.
Click here to access Amec’s letter to BM&FBovespa in English.