A regulamentação do Equity Crowdfunding sob o enfoque da governança corporativa

Abstract

The relation between markets evolves as the globalization proccess press forward. As a result, there is the rising of new funding options, as Equity Crowdfunding. Through those rising market news, resurfaces the argument among those who defend regulation and those who claims for unbridled liberalism. With this in mind, is questionable if the severe regulation of a new funding form, appears as an attractive factor to its use or if it moves away potential investors. In this scenario, the “Comissão de Valores Mobiliários”, the Brazillian version of Securities and Exchange Comission, published the “Instrução 588”, which regulates the use of crowfunding, demanding high organisation, transparency and publicity standarts to have access to its funding form.The aim of this article is, through the analysis of researches done for other funding methods, and also through an insight into Equity Crowdfunding and Corporate Governance, defend that the demanding of Corporate Governance pratices is well regarded among the crowdfundersand and it acts as a popelling element for national entrepreneurship.