Remote Voting at Brazilian Public Companies: What Has Changed and What Do Investors Need to Know?

Remote Voting at Brazilian Public Companies: What Has Changed and What Do Investors Need to Know?

Join Us on January 26, 2018 Time: 8:00 AM to 10:00 AM Location: Debevoise & Plimpton LLP, New York, New York
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The remote voting system was created to facilitate access by all shareholders to shareholders’ meetings. Initially, it is mandatory only to annual shareholder meetings and meetings to elect company Directors and Audit Committee Members, but its scope is expected to broaden over time.  After a partial roll-out in 2017, remote voting is now required for the almost 400 publicly traded companies who are registered as Category “A” within the CVM.  Shareholders now have the right to vote without having to physically attend the meetings. Also, shareholding thresholds for including proposals to be voted at meetings have been significantly lowered, facilitating shareholder activism. This begins a new era in the evolution of corporate governance and active participation by minority (including foreign) shareholders in Brazil.  

There is still some confusion among investors regarding the procedures, timetables and filing of remote voting forms.  The new system also raises the question of whether comparable rights exist for ADR holders.  Please join us for an informative discussion with leading practitioners on how the new rules improve corporate governance in Brazil and ensure the voting rights of all shareholders, and how shareholders may take full advantage of these new regulations.  

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Event Topic

There is currently no topic defined for this event.

Type of Event

Breakfast Seminar

Date of Event

January 26, 2018
8:00 AM to 10:00 AM

Event Registration Fees

Member: $ 0.00 Non-Member: $ 50.00

Location

Debevoise & Plimpton LLP
919 Third Avenue (entrance at 55th Street), 35th Floor
New York, New York 10022
United States