The Brazilian Pension Funds Authority (PREVIC) led a panel at the 46th Brazilian Congress of Private Pensions focused on Abrapp’s Code of Conduct and its recommendations for Closed Supplementary Pension Entities (EFPC), stressing the need to embed principles and values into pension fund conduct and decision-making. PREVIC Standards Director Alcinei Rodrigues argued that, amid volatility and economic change, entities should act democratically and in line with ethical principles, supported by an objective code and continuous improvements to governance processes. Abrapp Ethics Committee coordinator Mauro Figueira said adoption of the code can provide strategic benefits by increasing confidence and engagement among employees, suppliers and members, and outlined nine principles: human dignity, legal compliance, good governance, honesty, integrity and loyalty, transparency, equity, accountability and sustainability. Committee member Fernanda Rinco said the code should be treated as a “live” instrument evidenced through the actions of boards, management and staff, while Rodrigues linked the approach to values reflected in former CGPC Resolution 13/2004 and a shift from regulatory imposition towards empowering entities to internalise risk management through governance reflection.

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