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Volkswagen’s restructuring and the decision-making cost of stability
Volkswagen’s restructuring shows how control, co-determination and veto rights can turn institutional stability into decision-making cost.

Isabella Nogueira
Sep 811 min read


When the controlling shareholder changes position: executive succession at CSN and the limits of separating ownership, board and management
Benjamin Steinbruch and Fabio Schvartsman in an editorial image about executive succession at CSN.

Isabella Nogueira
Sep 412 min read


Liquidity, Elevated Interest Rates and Principal-Principal Conflict in Brazilian Family Businesses
Ambiente de juros elevados no Brasil, trajetória recente da Selic e seus impactos sobre liquidez, política de dividendos e conflito principal-principal em empresas familiares. Análise técnico-institucional sobre retenção de lucros, controle concentrado, risco de judicialização societária e a importância da governança formal para preservar a estabilidade patrimonial em ciclos de restrição monetária.

Isabella Nogueira
Feb 184 min read
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