Corporate transparency is topic of a meeting held at DIREITO GV

Increasing transparency is one of the main challenges of Brazilian companies interested in attracting more investors to the capital market, especially after the 2008 financial crisis - which reduced liquidity worldwide. This was one of the topics of discussion at the event Capital and Financial Markets - Post-Crisis Developments, held on May 27, in which researchers at FGV's Law School in São Paulo (DIREITO GV), from Vanderbilt University (USA) and Tilburg University (the Netherlands) presented their most recent studies, developed from a multidisciplinary approach that includes Law, Finance and Economics. In total, eight papers were presented, focusing on issues such as the regulation model of executive compensation, the litigation level of Brazilian financial institutions and the new IPO processes in Brazil and abroad, among others. According to DIREITO GV's capital market professor and organizer of the meeting, Érica Gorga, there are errors both in the model of civil procedure, and in the rules which govern the arbitration in the capital market. And this supports a culture of corporate governance that still resists transparency. We must remember that, in Brazil, the accused party has the right to not produce evidence against himself/herself, he says. The event was held in the auditorium of the School, in São Paulo.
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