Home Analysis Brazil: Comply or Explain

Brazil: Comply or Explain

by Heloisa Bedicks,  CEO the Brazilian Institute of Corporate Governance (IBGC)

A transparent company is one that provides all its stakeholders with relevant information, and not just information required by law or regulation. A transparent company also communicates more than just its economic and financial performance. It addresses all the factors that generate value for the organization, including intangible ones. And how do we find these companies?

Since 2019, more than 400 companies authorized to issue shares in Brazil have been required to prepare and disclose the report on the Brazilian Corporate Governance Code – Listed Companies. Last year, the 95 issuers of the shares with the highest liquidity ratio on the Brazilian stock exchange (B3) were required to produce the report for the first time.

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Click here to continue reading this and other articles in Ekonamik’s September 2019 Governance Issue.

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