Research was conducted for the investment bank underwriting the IPO of a healthcare company. Research identified a recent short-stint chairmanship at an investment fund not disclosed by one of the proposed independent directors. Further research showed that the fund was one of a number of vehicles used by a serial fraudster banned from serving as a director in a number of jurisdictions. After the director was asked to explain his association with the fund and the fraudster, additional research was conducted which demonstrated that the director was not completely forthcoming with his explanation and was subsequently removed from the proposed role.
Brazil at the crossroads: Navigating the ripple effects of Trump’s tariffs
The move is associated with both trade protectionism and political factors, including Brazil’s legal proceedings involving former President Bolsonaro, which...