A Compromise Solution

A Compromise Solution


Headquarters of Sao Paulo's Federation of Industries: Corporate Brazil has had to compromise with investors to accomodate their interests. To the surprise of almost everyone, the Brazilian Senate approved in September long-delayed legislation strengthening minority investor rights and increasing the powers of the country's toothless securities regulator. The law consumed four years of often furious debate and investors believe it signals a fundamental change in Brazil's capital markets. The bosses of Brazil's major companies, who had benefited from the previous arrangement, are less happy. They cla

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