Corporate Governance Country Assessment : Brazil

Corporate Governance Country Assessment : Brazil

This report assesses Brazil's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate...

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Bibliographic Details
Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ACTIVE MARKET AMORTIZATION AMOUNT OF CAPITAL ARBITRATION ASSET HOLDINGS ASSET MANAGEMENT ASSET MANAGERS AUDIT COMMITTEE AUDIT COMMITTEES AUDIT STANDARDS BALANCE SHEET BANKING ASSETS BANKING SECTOR BANKRUPTCY BOND MARKET CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS DEVELOPMENT CAPITAL STOCK CASH FLOW CENTRAL BANK CENTRAL DEPOSITORY CIVIL LAW COMMERCIAL BANK COMPANY BEHAVIOR COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE REFORMS CORPORATE LAW COST OF CAPITAL CREDITORS CURRENCY CURRENCY RISK CUSTODY DEBT MARKETS DEBT OFFERING DEPOSIT DEPOSITS DERIVATIVE DERIVATIVES DERIVATIVES MARKETS DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISPUTE RESOLUTIONS DOMESTIC BANK DOMESTIC INSTITUTIONAL INVESTORS DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENFORCEMENT POWERS EQUITIES EQUITY FUNDS EQUITY HOLDINGS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EQUITY TRADING EXCHANGE COMMISSION FAIR PRICE FINANCIAL CONGLOMERATES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL SYSTEM FIXED RATE FOREIGN INSTITUTIONAL INVESTORS FOREIGN INVESTORS FOREIGN OWNERSHIP FRAUD FRAUDS GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBAL STANDARDS GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION GOVERNANCE REGULATIONS GOVERNMENT DEBT GROSS DOMESTIC PRODUCT HOLDING HOLDINGS INDIVIDUAL INVESTORS INFORMATION DISCLOSURE INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERINGS INSIDER DEALING INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE PREMIUMS INTEREST RATE INTEREST RATES ON GOVERNMENT SECURITIES INTERNATIONAL BEST PRACTICES INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANKING INVESTMENT BANKS INVESTMENT FUNDS INVESTOR CONFIDENCE INVESTOR PROTECTION JURISDICTIONS LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL RIGHT LEGAL TRADITION LIABILITY LIQUIDATION LIQUIDITY LOAN LOAN PORTFOLIOS LONG-TERM CAPITAL MAJORITY SHAREHOLDER MARKET CAP MARKET CAPITALIZATION MARKET CONDITIONS MARKET INDEX MARKET INDICES MARKET INTERMEDIARIES MARKET LIQUIDITY MARKET PARTICIPANTS MARKET PERFORMANCE MARKET RISK MARKET RISKS MARKET TURNOVER MARKET VALUE MINORITY INVESTORS MINORITY SHAREHOLDER MINORITY SHAREHOLDER PROTECTION MINORITY SHAREHOLDER RIGHTS MINORITY SHAREHOLDERS MONETARY FUND MUTUAL FUND MUTUAL FUND ASSETS MUTUAL FUNDS NEW MARKET OPERATIONAL INDEPENDENCE PENSION PENSION FUND PENSION FUNDS PORTFOLIO PRIVATE BOND PRIVATE CREDIT PRIVATE DEBT PRIVATE PENSION PROPERTY RIGHTS PROTECTION OF MINORITY SHAREHOLDERS PUBLIC COMPANIES PUBLIC DEBT PUBLIC ENFORCEMENT PUBLIC OFFERING PUBLIC OFFERINGS PUBLIC POLICY RAPID GROWTH REAL INTEREST REAL INTEREST RATES REGULATORY BODIES REGULATORY CAPITAL REGULATORY FRAMEWORK RETIREMENT SAVINGS RETURN RETURNS RISK FACTORS RISK MANAGEMENT SECONDARY MARKET SECURITIES SECURITIES MARKET SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHARE OF EQUITY SHAREHOLDER SHAREHOLDERS STATE ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS STOCKS SUPERVISORY BOARD TRADING TRADING VALUE TRADING VOLUME TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY VALUATION VALUATIONS WEAK CORPORATE GOVERNANCE WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2012/06/18246413/brazil-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/15957

Description
Summary:	This report assesses Brazil's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Brazil. It is an update of the 2005 corporate governance Report on the Observance of Standards and Codes (ROSC). Brazil's experience over the past 10 years has shown the value of corporate governance reforms, both in Brazil and around the world. Good corporate governance enhances investor trust, helps to protects minority shareholders, and can encourage better decision making and improved relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report is organized into four sections: section one is the commitment of the public and private sectors to reform; section two is shareholder rights; section three is disclosure and transparency; and section four is boards of directors.