Boardroom Governance with Evan Epstein cover image

Boardroom Governance with Evan Epstein

Alexandre Rangel: Institutional Investors' Engagement in Latin America.

Feb 12, 2024
Former Commissioner of the Brazilian Securities and Exchange Commission, Alexandre Rangel, discusses institutional investors' engagement in Latin America. Topics include local institutional investors and pension funds engagement in Brazil, stewardship codes, challenges of shareholder activism, enforcement and cooperation between U.S. and Brazilian regulators, governance of State-Owned Enterprises, geopolitical landscape, fintech developments in Brazil, and the future of corporate governance in Brazil.
47:37

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses the growing influence of institutional investors in Latin America and the challenges of promoting engagement between equity holders and invested companies.
  • The episode highlights the importance of cooperation between U.S. and Brazilian regulators in enforcing bribery cases and FCPA violations, emphasizing the need for information sharing and informal exchanges of information among regulatory authorities.

Deep dives

Institutional Investors Engagement in Latin America

The podcast episode discusses a recent note written by Alejandra Rangel for the OECD on Institutional Investors Engagement in Latin America. The note explores the implications of institutional investors' growing influence in corporate governance, particularly in developed markets such as the United States. While the trend of institutional investors playing a larger role has not yet become a major concern in developing countries like Latin America, it is expected to become an important issue in the future. The discussion highlights the challenges of reconciling the increasing power of institutional investors, particularly large asset managers, with the importance of promoting engagement between equity holders and invested companies. The podcast also discusses stewardship codes that have been adopted in many jurisdictions to encourage institutional investor engagement, and the role of private enforcement in capital markets in Brazil.

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