In 2000, BM&FBovespa launched into the Brazilian capital market three special listing segments (Level 1, Level 2 and New Market) for companies that voluntarily commit themselves to adopt differentiated practices of corporate governance. Such practices extend the rights of shareholders and increase the dissemination of information requirements, regarding to those already imposed by Brazilian laws. The aim of BM&FBovespa with the creation of different levels of corporate governance was to provide a business environment that encouraged, simultaneously, the interest of investors and the valuation of companies.
OGX, as well as the other listed companies of the EBX Group, adhered to the rules of New Market, a listing segment that represents the highest level of demand in terms of corporate governance, demonstrating the commitment of the company and the EBX Group with the principles of disclosure, fairness, accountability and corporate responsibility.
Another example of OGX’s commitment with the corporate governance practices was the creation of the Code of Conduct that compiles the ethical principles that should guide the actions of its collaborators as to consistency between their speech and conduct, both internally and externally. Such principles should guide the way in which the EBX Group’s companies and its collaborators conduct business, in accordance with the highest standards of ethical conduct, focusing on the applicable law.
For more information about the corporate governance group practices, click here.