Practical Guide to Corporate Governance : Experiences from the Latin American Companies Circle
This publication details 14 firms recognized for better corporate governance practices that had suffered less damage than average listed Latin American companies during the finanicial crisis. It offers an opportunity for business leaders in Latin A...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, D.C.
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/726671468047053207/Practical-guide-to-corporate-governance-experiences-from-the-Latin-American-companies-circle http://hdl.handle.net/10986/28085 |
| Summary: | This publication details 14 firms
recognized for better corporate governance practices that
had suffered less damage than average listed Latin American
companies during the finanicial crisis. It offers an
opportunity for business leaders in Latin America to learn
from the experience of peers who have successfully
implemented substantive improvements in governance standards
and practices. Although the guide has been in the works for
several years, the timing of its publication coincides with
a global financial crisis that has catapulted corporate
governance to a top spot on the global policy agenda. With
gaps in governance from inadequate risk management to
distorted incentives structures factoring in as contributing
to the crisis, good corporate governance practices will be
an important part of the response needed for Latin American
economies, as well for others around the world. Within this
context, there has been a remarkable growth in awareness and
activity surrounding corporate governance during the last
decade, as recognized by the Latin American roundtable on
corporate governance. This is an ongoing initiative of the
Organization for Economic Co-operation and Development and
the International Finance Corporation/World Bank Group that
has brought together policy-makers, regulators, stock
exchanges, investors, companies and other stakeholders on an
annual basis to promote improved policies and practices
specific to the Latin American context. This practical guide
is an outgrowth of these efforts, involving many steps along
the way. When members of the Roundtable called for greater
participation from private sector companies in the
Roundtable's corporate governance improvement efforts,
the companies circle was born. A first book of case studies
was launched in 2005, with an expanded second edition issued
in 2006. Members of the circle were keen to share
experiences and believed a wider audience of Latin
businesspeople will benefit from a practical guide exploring
the ways and whys of their governance improvements. |
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