Old firms Old regime New firms New regime
Old firms New firms New regime Old regime
Regulatory Dualism in Brazil The Novo Mercado Standards 1)They don't focus on particular industry or type of firm,unlike the standards in German. 2)They operate like a privately created law for publicly traded business corporations. 3)They are entirely voluntary (companies are free to remain listed on or obtain their initial listing on the old system)
Regulatory Dualism in Brazil