.jpg)
BM&FBOVESPA announces alterations to listing rules for companies committed to good corporate governance practices. In accordance with regulations, changes – which were decided by block vote – can only be implemented if there is not a contrary vote of over a third of the companies listed in the segment. This translates as up to 35 in the case of the Novo Mercado, an 11 maximum for Level 1 and up to six for Level 2. Anything over these numbers and the action is considered reproved.
In the exchange's view, regardless of the approval or not of determined items it considered important, the revision process resulted in a fully-participative and transparent debate between companies, investors and a range of market agents. The result reflects the consensus possible between firms regardless of their specifics.
BM&FBOVESPA foresees the rule changes coming into effect by the end of the year, after approval by the BM&FBOVESPA Board of Directors and by the CVM Securities and Exchange Commission. After approval by the CVM, the companies will be notified of the final content of the regulations and of the deadline for adapting to the new rules.
Below is the result of the vote according to the main changes that have been proposed. The complete table of the result, per item and per company, including individual ballots, can be accessed on the Empresas (Companies) site: www.bmfbovespa.com.br/empresas (only in Portuguese).
