Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment
This report provides an assessment of Uruguay's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corp...
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| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/09/7380129/uruguay-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8766 |
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okr-10986-8766 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ASSET MANAGEMENT ASSET SALE ASSET SALES AUDIT COMMITTEES AUDITING AUDITORS AUTHORITY BANK ACCOUNTING BANK LENDING BANK RESTRUCTURING BANK TRANSPARENCY BANKING SECTOR BANKING SUPERVISION BANKRUPTCY BANKRUPTCY COURT BANKRUPTCY LAW BANKS BOARDS OF DIRECTORS BODY CORPORATE BOND ISSUES BROKERS BUSINESS COMMUNITY BUSINESS ENTITIES CAPITAL MARKETS CAPITALIZATION CEOS CHAIRMAN AND CEO CIVIL LAW CIVIL LAW COUNTRY COMPANIES LAW COMPANY COMPETITION LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARDS CORPORATE CONTROL CORPORATE DECISIONS CORPORATE EQUITY CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE REFORMS CORPORATE LAW CORPORATE MANAGERS CORPORATE SECURITIES CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DECISION-MAKING DISCIPLINARY SANCTIONS DISCLOSURE OBLIGATIONS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC STABILITY ENFORCEMENT POWERS EQUITY MARKETS EXECUTIVE POWER FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL STATEMENTS FOREIGN INVESTMENT GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES INCOME INDEPENDENT AUDIT INDEPENDENT AUDIT COMMITTEES INDEPENDENT DIRECTORS INSIDER TRADING INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE FIRMS INTERNAL CONTROLS INTERNATIONAL AID INTERNATIONAL ORGANIZATIONS INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LIMITADA LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY MANAGERS MARKET CONFIDENCE MEMBER BOARD MEMBER BOARD OF DIRECTORS MERGER MERGERS MINORITY SHAREHOLDERS PARLIAMENT PENALTIES PORTFOLIO DIVERSIFICATION PORTFOLIOS PRIVATE COMPANIES PRIVATE ENTERPRISES PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC OFFERINGS PUBLIC POLICY RATING AGENCIES REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT RIGHTS OF MINORITY SHAREHOLDERS RIGHTS OF SHAREHOLDERS RISK RATING AGENCIES RULE OF LAW SAVINGS SECURITIES LAW SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER AGREEMENTS SHAREHOLDER INTERESTS SHAREHOLDER MEETINGS SHAREHOLDER PROTECTION STAKEHOLDER STAKEHOLDERS STATE-OWNED ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES STOCKS SUPERVISORY FRAMEWORK TAKEOVERS TAX EXEMPTION TAX REGULATIONS TECHNICAL ASSISTANCE TENDER OFFER TENDER OFFERS TRANSACTION COSTS TRANSPARENCY TRUST FUNDS UNIVERSITIES VENTURE CAPITAL VOTING |
| spellingShingle |
ACCOUNTING ASSET MANAGEMENT ASSET SALE ASSET SALES AUDIT COMMITTEES AUDITING AUDITORS AUTHORITY BANK ACCOUNTING BANK LENDING BANK RESTRUCTURING BANK TRANSPARENCY BANKING SECTOR BANKING SUPERVISION BANKRUPTCY BANKRUPTCY COURT BANKRUPTCY LAW BANKS BOARDS OF DIRECTORS BODY CORPORATE BOND ISSUES BROKERS BUSINESS COMMUNITY BUSINESS ENTITIES CAPITAL MARKETS CAPITALIZATION CEOS CHAIRMAN AND CEO CIVIL LAW CIVIL LAW COUNTRY COMPANIES LAW COMPANY COMPETITION LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARDS CORPORATE CONTROL CORPORATE DECISIONS CORPORATE EQUITY CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE REFORMS CORPORATE LAW CORPORATE MANAGERS CORPORATE SECURITIES CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DECISION-MAKING DISCIPLINARY SANCTIONS DISCLOSURE OBLIGATIONS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC STABILITY ENFORCEMENT POWERS EQUITY MARKETS EXECUTIVE POWER FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL STATEMENTS FOREIGN INVESTMENT GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES INCOME INDEPENDENT AUDIT INDEPENDENT AUDIT COMMITTEES INDEPENDENT DIRECTORS INSIDER TRADING INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE FIRMS INTERNAL CONTROLS INTERNATIONAL AID INTERNATIONAL ORGANIZATIONS INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LIMITADA LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY MANAGERS MARKET CONFIDENCE MEMBER BOARD MEMBER BOARD OF DIRECTORS MERGER MERGERS MINORITY SHAREHOLDERS PARLIAMENT PENALTIES PORTFOLIO DIVERSIFICATION PORTFOLIOS PRIVATE COMPANIES PRIVATE ENTERPRISES PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC OFFERINGS PUBLIC POLICY RATING AGENCIES REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT RIGHTS OF MINORITY SHAREHOLDERS RIGHTS OF SHAREHOLDERS RISK RATING AGENCIES RULE OF LAW SAVINGS SECURITIES LAW SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER AGREEMENTS SHAREHOLDER INTERESTS SHAREHOLDER MEETINGS SHAREHOLDER PROTECTION STAKEHOLDER STAKEHOLDERS STATE-OWNED ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES STOCKS SUPERVISORY FRAMEWORK TAKEOVERS TAX EXEMPTION TAX REGULATIONS TECHNICAL ASSISTANCE TENDER OFFER TENDER OFFERS TRANSACTION COSTS TRANSPARENCY TRUST FUNDS UNIVERSITIES VENTURE CAPITAL VOTING World Bank Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| geographic_facet |
Latin America & Caribbean America South America Uruguay |
| description |
This report provides an assessment of Uruguay's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Uruguay. The paper discusses Uruguay's recent advances in financial and economic stability have given rise to an adequate basis for capital markets deepening and growth. However, these initial advances were jeopardized by a series of defaulting securities issuers and the 2002 financial instability episode which led to a perception of high risk and unpredictability of capital markets. The report then identifies several key steps to take in order to set strong corporate governance efficiency in the state owned financial sector. These steps include: improving corporate information, particularly ownership disclosure, related party transactions procedures, and financial reporting; promoting effective and active boards of directors; strengthening institutions, including the securities regulator, and the companies registry; and modernizing securities markets by strengthening intermediation and related regulations. |
| format |
Economic & Sector Work :: Corporate Governance Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| title_short |
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| title_full |
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| title_fullStr |
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| title_full_unstemmed |
Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment |
| title_sort |
uruguay : report on the observance of standards and codes (rosc), corporate governance country assessment |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/09/7380129/uruguay-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8766 |
| _version_ |
1764405558592405504 |
| spelling |
okr-10986-87662021-04-23T14:02:40Z Uruguay : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment World Bank ACCOUNTING ASSET MANAGEMENT ASSET SALE ASSET SALES AUDIT COMMITTEES AUDITING AUDITORS AUTHORITY BANK ACCOUNTING BANK LENDING BANK RESTRUCTURING BANK TRANSPARENCY BANKING SECTOR BANKING SUPERVISION BANKRUPTCY BANKRUPTCY COURT BANKRUPTCY LAW BANKS BOARDS OF DIRECTORS BODY CORPORATE BOND ISSUES BROKERS BUSINESS COMMUNITY BUSINESS ENTITIES CAPITAL MARKETS CAPITALIZATION CEOS CHAIRMAN AND CEO CIVIL LAW CIVIL LAW COUNTRY COMPANIES LAW COMPANY COMPETITION LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARDS CORPORATE CONTROL CORPORATE DECISIONS CORPORATE EQUITY CORPORATE EXECUTIVES CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE REFORMS CORPORATE LAW CORPORATE MANAGERS CORPORATE SECURITIES CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DECISION-MAKING DISCIPLINARY SANCTIONS DISCLOSURE OBLIGATIONS DISPUTE RESOLUTION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC STABILITY ENFORCEMENT POWERS EQUITY MARKETS EXECUTIVE POWER FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL STATEMENTS FOREIGN INVESTMENT GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES INCOME INDEPENDENT AUDIT INDEPENDENT AUDIT COMMITTEES INDEPENDENT DIRECTORS INSIDER TRADING INSTITUTION BUILDING INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE INSURANCE FIRMS INTERNAL CONTROLS INTERNATIONAL AID INTERNATIONAL ORGANIZATIONS INVESTOR PROTECTION LAWS LEGAL FRAMEWORK LIMITADA LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDITY MANAGERS MARKET CONFIDENCE MEMBER BOARD MEMBER BOARD OF DIRECTORS MERGER MERGERS MINORITY SHAREHOLDERS PARLIAMENT PENALTIES PORTFOLIO DIVERSIFICATION PORTFOLIOS PRIVATE COMPANIES PRIVATE ENTERPRISES PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC OFFERINGS PUBLIC POLICY RATING AGENCIES REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT RIGHTS OF MINORITY SHAREHOLDERS RIGHTS OF SHAREHOLDERS RISK RATING AGENCIES RULE OF LAW SAVINGS SECURITIES LAW SECURITIES MARKETS SECURITIES REGULATOR SHAREHOLDER AGREEMENTS SHAREHOLDER INTERESTS SHAREHOLDER MEETINGS SHAREHOLDER PROTECTION STAKEHOLDER STAKEHOLDERS STATE-OWNED ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES STOCKS SUPERVISORY FRAMEWORK TAKEOVERS TAX EXEMPTION TAX REGULATIONS TECHNICAL ASSISTANCE TENDER OFFER TENDER OFFERS TRANSACTION COSTS TRANSPARENCY TRUST FUNDS UNIVERSITIES VENTURE CAPITAL VOTING This report provides an assessment of Uruguay's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Uruguay. The paper discusses Uruguay's recent advances in financial and economic stability have given rise to an adequate basis for capital markets deepening and growth. However, these initial advances were jeopardized by a series of defaulting securities issuers and the 2002 financial instability episode which led to a perception of high risk and unpredictability of capital markets. The report then identifies several key steps to take in order to set strong corporate governance efficiency in the state owned financial sector. These steps include: improving corporate information, particularly ownership disclosure, related party transactions procedures, and financial reporting; promoting effective and active boards of directors; strengthening institutions, including the securities regulator, and the companies registry; and modernizing securities markets by strengthening intermediation and related regulations. 2012-06-22T14:42:48Z 2012-06-22T14:42:48Z 2005-09 http://documents.worldbank.org/curated/en/2005/09/7380129/uruguay-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8766 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Corporate Governance Assessment (ROSC) Economic & Sector Work Latin America & Caribbean America South America Uruguay |