Are Investors Committees in Private Equity and Venture Capital a Good Idea?

The Role of Law and Public-Private Collaboration in Promoting Innovative Firms in Brazil: The Case of the BNDES and the 'Criatec Fund'

“…Efforts to describe the "new governance" suggest that it is an approach that is normative but not legally binding, it is designed to form norms through bottom up processes not by top-down legislation, it uses open-ended rather than precise legal rules, and it is flexible and revisable rather than fixed. SeeLOBEL, 2004; TRUBEK, 2006TRUBEK, , 2010 For a discussion about the role of the investment committees (IC), seeCARVALHO et al, 2012.…”