ABSTRACT

This chapter discusses developments in Brazilian corporate governance practices, with an emphasis on recent transformations and the institutions that took part in them. The focus is on the narrative about recent selected developments and the actual difficulties that promoters of better corporate governance have faced. This chapter is not a literature review and there is no intention of offering a broad set of references, particularly on more general aspects. Thus, the number of references was kept to a minimum, prioritizing those dealing directly with Brazil. The selection of topics is naturally arbitrary and they may not be interrelated, but they offer views on important corporate governance topics such as ownership structure, listing requirements, compensation disclosure, and institutional investor engagement, with mention to state-owned companies and institutional investors wherever appropriate.