Summary
This code contains recommendations by Comissão de Valores Mobiliários (CVM – the Securities and Exchange Commission of Brazil) on good corporate governance practices. The adoption of such practices usually implies higher behavior standards than those required by law, or by CVM itself. This is why non-compliance with this code is not subject to punishment by CVM. This code contains recommendations by Comissão de Valores Mobiliários (CVM – the Securities and Exchange Commission of Brazil) on good corporate governance practices. The adoption of such practices usually implies higher behavior standards than those required by law, or by CVM itself. This is why non-compliance with this code is not subject to punishment by CVM.