Coronavirus

Brazilian investors want companies to postpone earnings reports

Brazilian investors want companies to postpone earnings reports

Market entities have co-signed a letter to the Brazilian Securities and Exchange Commission (CVM), asking for new deadlines for the release of listed companies’ earnings reports and holding general shareholders assemblies.

The Brazilian Investors Relations Institute (IBRI) says that such assemblies are potentially dangerous for participants, and could further spread the novel coronavirus. The letter inquires about the possibility of companies holding remote meetings—or pushing them to a later date.