The Brazil Securities Commission (CVM) and the Association of Investors in the Capital Markets (Amec) held an event on the “Perspectives of Stewardship in Brazil”, bringing together regulators, investors and other market participants to discuss stewardship practices and their role in strengthening corporate relationships and reducing shareholder absenteeism in listed company decision-making. In opening remarks, CVM President João Pedro Nascimento said the CVM is open and actively listening on the topic and linked stewardship to the active exercise of shareholder rights and engagement on issues affecting public companies. He also pointed to legislative changes, regulatory modernisation and technology as reshaping how shareholders’ meetings are conducted in Brazil, with the current framework aligned with international standards and supporting lower absenteeism. Panels covered the OECD’s experience, the evolution of stewardship globally including the UK Stewardship Code and the Brazilian Stewardship Code (CBS), and practical application by local and international managers, including engagement case studies, perceived benefits related to fiduciary duty and investor protection, and limitations of the Brazilian model.

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