Appraisal Rights

DECEMBER 31, 2019

The Brazilian government proposes strengthening protections for minority shareholders in the wake of corruption scandals, such as Petrobras. The new law would allow minority shareholders the right to seek judicial compensation in the event of misconduct by the company’s board. Shareholders of Brazilian corporations are already entitled to appraisal rights, subject to a few exceptions , and thus the new rules would provide minority shareholders with additional tools to enforce corporate governanc

Appraisal 52

Appraisal 52

Appraisal Rights

DECEMBER 30, 2019

Transamerica, a provider of numerous mutual funds as well as an insurance company, includes voting for appraisal rights in its proxy guidelines. Like other funds we have covered, Transamerica also states that it votes on mergers on a case by case basis. Transamerica is part of a significant set of funds that, by policy, vote for the return or provision of appraisal rights when such items come up for a vote.

Appraisal 52

Appraisal 52