Amec (the Association of Capital Market Investors) was founded on October 26th, 2006 as an initiative by a group of independent and financial institutional investors to defend the rights of minority shareholders and drive the development of the Brazilian stock market.
To achieve such objectives, Amec fosters debates and discussions among its members, following strict internal governance guidelines, including the management of conflicts of interest. Issues are discussed by its Technical Commission and subsequently submitted for decision by the Management Board and Board of Directors.
In the ten years since its establishment, the association has become the main discussion forum for institutional investors with regard to corporate governance practices and investor rights in Brazilian companies, in line with the most recent international recommendations. At the same time, Amec recommendations have been increasingly gaining the recognition of investors, companies and regulatory entities given the association’s relevance and independent approach.