International practices reinforce claim for access to the shareholders’ list

On May 28, Amec sent a letter to the Brazilian Securities and Exchange Commission – CVM – presenting additional arguments about the need of a review of the regulator’s position regarding the access to the shareholders’ list by investors. Since 2009, the association has been consistently advocating that the law should ensure that shareholders have access to the shareholders’ list so that they can exercise their rights, including political rights, before the invested companies. Additionally, the current scenario brings about a lack of symmetry in which the management and the controlling shareholder have access to this information, unlike minority shareholders.
Based on contributions from the associations that comprise the Global Network of Investor Associations, Amec pointed out evidences from the United States, United Kingdom, Canada and Malaysia that reinforce the view that the international practice ensures an equal treatment to the access to the information, an essential tool for the healthy activism in the capital market.
Click here to access CVM’s decision.
Click here to access the President Letter 15/2016.
Click here to access the President Letter 06/2017.