Pioneering professional in corporate governance issues in Brazil, Bengt Hallqvist passes away at the age of 88

Swedish Bengt Hallqvist, together with Mr. João Bosco Lodi, was one of the engines for the foundation of the Brazilian Institute of Corporate Governance (IBGC) and served in its board of directors from 1995 to 2001. He became a reference in the corporate governance sphere in Brazil and has been always recognized for his persistence and cordiality. Mr. Hallqvist passed away on April 13, in Gothenburg, Sweden.

In 1995, Messrs. Hallqvist and Lodi created the Brazilian Institute of Board Members, later on renamed IBGC. The institute was founded in line with debates that were already taking place in the United States and Europe and that reflected controversies among the interests of minority and controlling shareholders, officers and the companies themselves.

In addition to Sweden and Brazil, Mr. Hallqvist also lived in Germany, England, the United States, Argentina, Mexico, Colombia, and Portugal.