CVM, provisional measure grant seven-month respite for shareholders
Companies won some breathing room on Tuesday to fulfill general meeting requirements after the Securities and Exchange Commission of Brazil (CVM) changed rules, and the government issued a provisional measure (MP 931) providing the legal basis for the change. Not only will businesses get more time to disclose annual earnings for 2019 and first-quarter results, but general meetings can be postponed by up to seven months. The market regulator also...
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