AMEC - Association of Capital Market Investors

With the objective of defending the rights of minority shareholders and drive the development of the Brazilian equity market, independent institutional investors founded Amec (the Association of Capital Market Investors) on October 1, 2006.

To achieve its aims, Amec fosters debates among members, following strict internal governance guidelines, including the management of conflicts of interest. Issues are discussed by the Technical Commission and subsequently submitted for decision by the Management Board and Board of Directors.

In the more than 12 years since its creation, Amec has become the main discussion forum for institutional investors with regard to corporate governance practices and investor rights. At the same time, the association’s recommendations have been gaining increasing recognition of investors, companies, and regulatory bodies. 

Amec gathers 61 foreign and local institutional investors with investment mandates of approximately BRL 700 billion in Brazil. 


So that the capital market is able to develop, the rights of minority shareholders must be respected, protected, and expanded.


To defend the rights of minority shareholders of Brazilian listed companies by promoting good corporate governance practices and creating value for the companies.


To adopt an independent approach that does not benefit the individual interests of its members; to publish statements based on an economic and legal context and on the analyses and recommendations set forth by its Technical Commission; to take decisions reached by consensus and based on the majority votes of its members