XYZ | Unknowns and Intangibles

I read it in DCI | Comércio, Indústria & Serviços as I was hunting through the press clippings for a a good example of a Material Event, in the technical sense, to design a wiki form for.

Says here that the future of Brazilian mass entertainment holds more Nuremburg rallies that in does Woodstocks, in the estimation of one of Brazil’s leading Mad Men.

Led by publicist Nizan Guanaes, ABC Group has put together an all-star cast to launch XYZ Live, a company that will specialize in mounting events on a national scale, in the belief that this will be Brazil’s Decade of Entertainment.

In 2011, XYZ is expected t o bring in R$ 169 million, and a total of R$ 599 million by 2014. “The expectation is that  XYZ will represent 40% of the group’s business by 2014”, said Guga Valente, group chief executive.

ABC will invest R$ 110 million in acquisitions during the period. “We will need to grow organically and through acquisitions, and so we are studying new business opportunities”, he said.

For now the new division has hired on 40 new staff. “Entertainment is a great medium for communication.”

BMFBovespa-MervalNEXT: Autoreg to Take Effect

Valor Online: In 90 days, a new autoregulation scheme for the BM&F-Bovespa goes into effect.

I gistlate — translate a little here, gist a list there — the brief item, although I am sure you probably already read about it from Mondo Visione.

The self-regulator, not dissimilar to NYSE Regulation, is known as the BSM, or BM&F-Bovespa Makret Supervisor.

On May 10, new rules go into effect for companies listed in the Level 1, Level 2, and Novo Mercado listing segments, for companies meeting differentiatd governance requirements, of the Bovespa stock exchange

The reform took two years to negotiate and was partially approved late last year. The Comissão de Valores Mobiliários (CVM) approved the changes in its March 21 meeting, with one demurrer.

Listed companies now have 90 to hold extraordinary shareholder meetings in order to enact the necessary changes to their corporate charters.

Among the new rules:

1. No one may serve as CEO and Chairman of the board simultaneously;
2. Publication of a trading policy for the company’s shares;
3. Creation of a corporate code of conduct

The CVM asked the Bovespa to isseu a public clarification of Article  8.2 of the new regulatory framework, which deals with the acquisition of the company by means of an accord with the company’s controlling shareholder. The Bovespa said it would comply “in a timely fashion.”

I will read over the new rules when I get a chance.