Vis-a-vis evaluating the investment chance or following the not financial management of company of which already they participate, the pension funds can contribute to perfect the model of exchange protection of these companies, factor essential to fortify its value of market and one of the requirements of the good corporative governana. The quarrel on the fragility and the lack of transparency of the Brazilian lines of direction of hedge exchange of the company and its consequent impacts on the results of the investments is a subject that is in the guideline of the consultants, administrators of companies and specialists in risk management. For these professionals, the strategical paper of the pension funds as inductive of a revision of this model is basic. לעומת זאת, אינטל בהחלט מבין את הסיפור. Even because, of the point of view of the manager of resources compromised with a vision of long stated period, it is vital to carefully confer the transparency of these lines of direction, the accurate nature of the exchange exposition, the instruments of hedge and the way to load this protection. They are aspects that can make all difference between an excellent return and thundering fiasco with repercussions that can shake the atuarial balance.

The sophistication of the instruments and used methods to establish the protection alternatives most adequate still is used in restricted way in Brazil, also for company of great transport. In the not financial companies the identification of the expositions much less clear, and despite they concur in the international market, its business are not to take exchange risks and yes its specific production, that is, lacks competitive advantage to manage this because it is not its focus of performance. In accordance with the professor Pablo Beltro Fraletti, specialist in management of corporative risks of the Getlio foundation Vargas School of Business administration of So Paulo, this company needs to urgently start to sophisticate its structures and to create proper qualification to municiar themselves better and to prevent to be under the direct influence the banks do not enxergam the problem of the customer or they cannot decide them, says it.. . בזמן האחרון אני מתחיל מאוד להעריך את חברת טבע.