May | 2019

Signatories disclose stewardship reports and show improvements over 2017

A good management practice among institutional investors is the disclosure of annual stewardship reports, in which the assets describe the actions performed in the previous year to ensure good corporate governance practices of the companies they invest in. The signatories to the Amec Stewardship Code – available here – are expected to submit their report on a yearly basis. By now, 11 signatories have already delivered the document.

Some signatories are submitting their reports for the second consecutive year. This allows an analysis on the progress of the topic among investors that invest in the Brazilian capital markets. Teorema and Itaú, in addition to the US manager Cartica Capital, for example, reported remarkable achievements compared to the previous year, communicating their efforts towards promoting the best management practices in invested companies on a direct and comprehensible way. Read more
The next meetings of Amec are confirmed, only for members:

» Technical Commission – June 12, at Amec’s headquarters, in São Paulo, with remote access.

» Foreigners Commission – June 18, via conference call.

» Management Board – June 27, at Amec’s headquarters, in São Paulo, with remote access.

» Board of Directors – August 29, 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.

ICGN and Amec join for conference in October

The International Corporate Governance Network - ICGN, an investor-led organization that works to promote good management principles, will be holding a conference in partnership with Amec – the Association of Capital Market Investors – in Miami, on October 15 and 16. The event will gather leading speakers in both the investment industry and academia, in addition to providing networking opportunities with the professionals in attendance. Read more

Amec conducts survey about acompensation practices

Amec is conducting a survey among its members to identify the investors’ views about specific executive compensation practices, mainly with respect to boards of directors. The decision to carry out the survey resulted from the debates of the association’s Technical Commission regarding the analysis of some polemic proposals submitted to shareholders in April.

Institutional investors that are not Amec’s members can also participate. Click here to answer to the survey.

Novo Mercado to allow offers below $500 MM reais without the analysis of B3’s Listing Commission

From now on, companies that want to conduct offers below $500 MM reais to list in or migrate to the Novo Mercado, B3’s listing segment with the highest level of corporate governance requirements, will no longer be subject to the analysis of the Stock Exchange’s Listing Commission. The B3 disclosed the new procedure on May 7 as part of its efforts towards making the Brazilian capital markets more competitive. Read more

Amec’s CEO talks to the Federal Audit Court (TCU) about Governance in SOEs

The event was also attended by Fernando Soares (Department of Coordination and Governance of SOEs - SEST), Henrique Machado (the Brazilian Securities and Exchange Commission - CVM), and Richard Blanchet (the Brazilian Institute of Corporate Governance - IBGC).
Amec’s CEO talks to the Federal Audit Court (TCU) about Governance in SOEs
9ª Conferência Brasileira de Contabilidade e Auditoria do Ibracon
Ibracon 9th Brazilian Conference on Accounting and Audit
Organized by Ibracon
Venue: Teatro Bradesco, São Paulo, SP
June 10 - 11, 2019
Click here for additional information and to register.
Palestra INRE – Distribuição de Dividendos e Tributação
INRE Presentation – Distribution of Dividends and Taxation
Organized by INRE
B3, São Paulo, SP
June 18, 2019
Amec’s members are entitled to a discount: R$ 50.00 (registration fee)
Click here for information and to register.
21º Encontro Internacional de Relações com Investidores e Mercado de Capitais
21st International Meeting of Investor Relations and Capital Markets
Organized by Abrasca and IBRI
WTC Events Center, São Paulo, SP
June 26 and 27, 2019
Amec’s members are entitled to a discount: R$ 3,450.00 (registration fee)
Click here for information and to register.
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Amec - Associação de Investidores no Mercado de Capitais
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