December | 2018
The next meetings of Amec are confirmed, only for members:

» Technical Commission – January 16, 2019, at Amec’s headquarters in São Paulo, with remote access.

» Foreigners Commission – January 21, 2019, via conference call.

» Management Board and Board of Directors – January 17, 2019, at Amec’s headquarters, in São Paulo, with remote access.

Confirmations of attendance must be submitted to maria.alice@amecbrasil.org.br.

Click here to access the Association’s annual calendar of meetings.

Amec delivers opinion about Qualicorp to the Public Prosecutor’s Office

On December 18, Amec’s CEO Mauro Rodrigues da Cunha and the legal advisor Walter Albertoni delivered to Mr. Eronides Santos, prosecutor for the Public Prosecutor’s Office of the State of São Paulo, a document addressing the problems related to the extraordinary payment to Qualicorp’s CEO and founder. Read more

Gol is barred from listing in the Novo Mercado segment and should review its plan to merge with Smiles

After the decision taken by the B3’s Commission for the Listing of Issuers and for the Admission of Securities for Trading on the inadmissibility of the company’s migration to the Novo Mercado, Gol announced on Monday (17) it cancelled its migration to B3’s special listing segment, in compliance with the stock exchange’s decision. In a document sent to Gol, Gilson Finkelsztain, B3’s CEO, explained that the decision aims to “prevent operations that can represent infractions to the Novo Mercado’s regulation, to mitigate eventual adverse effects that may be caused by acts that would take place while the operation was implemented” and provide the group with “the opportunity to timely evaluate alternative structures to reach the objectives intended with the reorganization.” Read more

Amec is IIRC’s first Brazilian organization to sign the council’s investor statement

The Association of Capital Market Investors – Amec – has joined the list of investors that formally support the Integrated Reporting – a corporate reporting model developed by the International Integrated Reporting Council (IIRC) to promote communication on value creation as the next step in the evolution of corporate communication. The association is the first Brazilian organization to join the group, composed by more than 20 leading fund managers, among which Aberdeen and Hermes. Read more

Prisma and Garde join Amec

Amec will close 2018 with 60 members after the joining of Garde and Prisma Capital. Garde Asset Management is an independent fund manager founded in 2013 and focused on multimarket funds. Today, it has approximately $6 billion Reais in assets under management and some 15,000 quota holders. Yet Prisma Capital is an independent manager of alternative investment funds focused on private equity and special situations in Brazil. Read more

Civil society organizations join to oppose setback in Corporate Law

Amec has gathered with other seven civil society organizations to call the attention of congressmen and political leaderships about the importance of maintaining the political shielding in the nomination of directors to the boards of state-owned enterprises. The Law 13,303/2016 (the Corporate Law) establishes that those who have held a position in a political party or electoral campaign are not allowed to occupy an executive position in fully or listed state-owned companies for three years. The same applies to the politicians’ relatives.
Read more

GTMK sets priorities for 2019

The Working Group on Capital Markets (GTMK), coordinated by the National Treasury’s executive secretary Ana Paula Vescovi, held its year’s final meeting in December, during which it revised the advancements achieved in 2018 and set the priorities for 2019 – to be submitted to the new economic team. Read more

Amec supports CII’s petition to NYSE and NASDAQ about Sunset Clauses

In December, the Association of Capital Market Investors – Amec – published a letter supporting the Council of Institutional Investors (CII) as to the petition the council filed with the US Stock Exchanges asking that their listing standards require that companies with dual class structures collapse to one-share, one-vote within 7 years after IPO or conduct a voting process of each class of shareholders on a separate basis, in compliance with the One share, One vote principle. Read more

ICGN publishes priorities for 2019

The International Corporate Governance Network (ICGN), organization that gathers investors with global assets under management in excess of USD 38 trillion, published, in November, an updated list of priorities for the next year. The themes remain unchanged from the previous cycle and are grouped into 5 initiatives. Read more
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Amec - Associação de Investidores no Mercado de Capitais
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