Otto Lobo, President of Brazil's Securities and Exchange Commission (CVM), has been elected to the Bureau of the OECD Corporate Governance Committee for the 2027 cycle. The appointment expands Brazil's role in setting international corporate governance standards and aligning local capital market oversight with global best practices.
Election and international representation
The approval took place during the OECD Corporate Governance Committee's final meeting of 2026, held on 9 and 10 November at the organisation's headquarters in Paris. Under OECD procedures, the committee designates its chair, vice-chairs, and Bureau members for the upcoming cycle at its final annual gathering.
Following nominations submitted by the Secretariat, delegates approved the new leadership structure. Alongside Brazil, the Bureau for 2027 will feature representatives from Belgium, Greece, Israel, Italy, Spain, the United Kingdom, and the United States.
Role of the OECD Bureau and regulatory alignment
The Bureau guides the work of the Corporate Governance Committee, which monitors the implementation of the G20/OECD Principles of Corporate Governance. The body also conducts studies and reviews concerning capital markets, shareholder protection, and regulatory frameworks for publicly traded firms.
Otto Lobo noted that the CVM has a long history of contributing to the committee. He stated that taking on leadership responsibilities helps bring Brazilian regulation closer to international standards, benefitting both investors and listed companies.
The CVM delegation in Paris also included Eduardo Manhaes, Superintendent of International Relations, and Daniela Amorim, Head of Social Communication.
| Represented Country / Authority | Role |
|---|---|
| Brazil (CVM) | Bureau Member |
| Belgium | Bureau Member |
| Greece | Bureau Member |
| Israel | Bureau Member |
| Italy | Bureau Member |
| Spain | Bureau Member |
| United Kingdom | Bureau Member |
| United States | Bureau Member |
Frequently Asked Questions
What is the role of the OECD Corporate Governance Committee Bureau?
The Bureau directs the work of the OECD Corporate Governance Committee, overseeing the application of the G20/OECD Principles of Corporate Governance and conducting studies on capital markets, shareholder protection, and public company rules.
Which countries are represented on the OECD Bureau alongside Brazil for 2027?
The 2027 Bureau composition includes representatives from Belgium, Greece, Israel, Italy, Spain, the United Kingdom, and the United States.
