Academia proved that there is value in diversity in the corporate environment, says CVM manager

The standards development manager at the Securities and Exchange Commission (CVM) Claudio Maes said, during the Expert XP 2022 panel, this Thursday (4) that the academy proved that there is value in diversity in the corporate environment.

“Intuitively, it is reasonable to think that greater diversity will add value to the board, as it is reasonable to accept that different views of senior professionals collaborating will find more sophisticated and more efficient solutions than a table where everyone thinks alike. This theory is being proven in academia by some studies, so it is no longer intuitive,” she said.

Maes also commented on the role of the market regulator. According to him, regulators play the role of facilitating market solutions and demands, as is the case with ESG (environmental, social and corporate governance) and diversity issues.

“More than elaborating, it is to be a facilitator of the adoption of these market solutions, to make the sustainable finance market also develop. And all this has to be done very sparingly, intelligently… in order to make the market regulation develop, make the sustainability market scale”.

Finally, Maes stressed that Brazil is in a position to be a leader in green finance. “Everything that is required for an asset market to function efficiently is already present in Brazil,” she said.

“This is also a strategic issue for any regulator, as it concerns the competitiveness of markets, that is, there is a tendency that, in the not too distant future, certain assets with characteristics that generate a negative socio-environmental impact will not be well accepted. in many markets. There is an expectation that many projects that do not have a certain socio-environmental impact footprint will have a difficult collection”, he concludes.