CODIM publishes Guiding Pronouncement about the “Fair Disclosure"

CODIM – the Guidance Committee for the Disclosure of Information to the Market – announced the Guiding Pronouncement (“Pronunciamento de Orientação”) No. 18 about the “Fair Disclosure” in a press conference on September 9, 2015, at 11 am, at the headquarters of APIMEC SP – Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais (Association of Capital Markets Analysts and Investment Professionals).
The Guiding Pronouncement No. 18 addresses the need of companies to provide all capital market’s participants with the same access to information.
The rapporteurs Helio Garcia, representative of IBRI – Instituto Brasileiro de Relações com Investidores (Brazilian Institute of Investors Relations), Lélio Lauretti, from IBCG – Instituto Brasileiro de Governança Corporativa (Brazilian Institute of Corporate Governance), and Helmut Bossert, coordinator of CODIM (IBRI), participated in the press conference.
CODIM’s coordination is shared by APIMEC and IBRI and counts on the participation of the following entities: ABRAPP – Associação Brasileira das Entidades Fechadas de Previdência Privada (Brazilian Association of Pension Funds); ABRASCA – Associação Brasileira das Companhias Abertas (Brazilian Association of Publicly-Held Companies), AMEC – Associação de Investidores no Mercado de Capitais (Association of the Capital Market Investors); ANBIMA – Associação Brasileira das Entidades dos Mercados Financeiros e de Capitais (Brazilian Financial and Capital Market Association), ANCORD – Associação Nacional das Corretoras de Valores, Câmbio e Mercadorias (National Association of Brokers and Distributors of Securities, Foreign Exchange and Commodities); ANEFAC – Associação Nacional dos Executivos de Finanças, Administração e Contabilidade (National Association of Finances, Management and Accounting Executives); BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros (Brazilian Stock Exchange), CFC – Conselho Federal de Contabilidade (Federal Accounting Council), IBGC – Instituto Brasileiro de Governança Corporativa (Brazilian Institute of Corporate Governance), IBRACON – Instituto dos Auditores Independentes do Brasil (Brazilian Institute of Independent Auditors), and CVM – Comissão de Valores Mobiliários (Brazilian Securities and Exchange Commission) as observer.
Click here to read the Guiding Pronouncement No. 18 about the “Simultaneity in the Disclosure of Information.”