Novo Mercado

Novo Mercado (New Market) is a listing segment of BM&F Bovespa for the trading of shares issued by companies that commit themselves voluntarily to adopt corporate governance practices in addition to those that are required by law.

The value and liquidity of the shares are positively influenced by the degree of security offered by the rights granted to shareholders and the quality of information provided by the companies. This is the basic premise of the Novo Mercado.

The entry of a company in New Market place by signing a contract and requires adherence to a set of corporate rules, generally referred to as "good corporate governance practices, more stringent than those present in the Brazilian legislation. These rules, consolidated in the Listing Rules of the Novo Mercado, expand shareholder rights, improve the quality of information usually provided by companies and widespread ownership, and to determine the resolution of corporate conflicts by a Board of Arbitration offer investors the security of an alternative more responsive and specialized.