Examples of Novo Mercado in a sentence
At least 20% (twenty percent) of the members of the Board must be independent, as defined in the Novo Mercado Regulations.
It also does not formally adopt the principles recommended by the COSO, and because it is listed only in Brazil, on the Novo Mercado of the B3, it is not subject to the rules of the Sarbanes-Oxley Law.Notwithstanding the non-existence of a formal policy of management of these risks, they were initially amply identified in 2004 when the Company was listed in the Novo Mercado segment of the Bovespa, and published in the listing prospectus.
Amendment made to adjust the wording of the Bylaws to the current Novo Mercado Regulation, in line with the recommendations for adaptation and simplification contained in Official Letter No. 86/2018-DRE, issued by B3.
Members of the Board of Directors of Corpco to be elected in preparation for its listing on the Novo Mercado segment and the Merger of Shares of Oi and Corpco, shall serve for three (3) years from their election or until the General Meeting to examine Corpco’s financial statements for the third fiscal year to end after the end of the year in which the Merger of Shares occurs, whichever occurs last (the “First Board of Corpco”).
Any situations not addressed in these Corporate Bylaws shall be resolved by the General Shareholders’ Meeting and regulated by the Brazilian Corporate Law, pursuant to the provision in the Novo Mercado Regulations.
With the Company's entry to the B3 S.A. – Brasil, Bolsa, Balcão ("B3") Novo Mercado, the Company and its shareholders, including controlling shareholders, officers and members of the Fiscal Council, when installed, are subject to the provisions of B3’s Novo Mercado Regulations.
About CCR: CCR is the holding company of the CCR Group and was one of the first companies to join the Novo Mercado listing segment of B3 (former BM&FBovespa), which contains only those publicly-held companies with the highest levels of corporate governance.
Gilson, Henry Hansmann & Mariana Pargendler, supra note 112 at 492 (“[p]ersons wishing to delist a firm from the Novo Mercado must first launch a tender offer for the firm's shares at a price at least equal to their economic value”).
In the event of a corporate reorganization, whether by merger, consolidation or transformation of the Company, or the Company leaving the Novo Mercado segment, the Board of Directors will decide on how corporate restructuring will affect the options granted to the date of such an event date.
Pursuant to article 254-A of Law 6,404 and item 8.1 of Novo Mercado Rules, the Offeror is required to launch this Offer to acquire up to the total of the Shares Subject to the Offer, at a price at least equal to 100% (one hundred percent) of the amount paid to the Selling Shareholders, former controlling shareholders of the Company.