more attractive to equity issuers?
Mexico's equities markets should receive a welcome boost
next year with the introduction to Congress last month of
extensive corporate and securities reform proposals.
The reforms encompass a wide range of measures affecting
corporate governance practices and securities listing issues.
The intention is both to attract foreign investors by
increasing confidence in Mexican companies' governance, and to
persuade more domestic corporations to list their shares
Investors and lawyers have broadly welcomed the proposals.
"There will be more certainty for investors, more clarity,"
says Juan Manuel González of White & Case in Mexico
The reforms codify many of the piecemeal changes to
securities and corporate regulation introduced since 2001, when
new regulations designed to strengthen the rules on tender
offers and improve the rights of minority shareholders were