The OECD Latin America Corporate Governance Programme brings expertise on listed companies’ and state-owned enterprises’ corporate governance in the region, as well as on the challenges related to local capital market development. The current focus of the regional work includes policy challenges related to sustainability and the access of growth companies to public markets.
Corporate Governance in Latin America
The Latin America Corporate Governance programme aims to advance the reform agenda on corporate governance in the region while promoting awareness and use of the G20/OECD Principles of Corporate Governance.
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About
OECD-Latin America Roundtable on Corporate Governance
The Latin America Corporate Governance Roundtable was established in April 2000. It works to facilitate public and private sector policy-dialogue by providing a forum for the exchange of experiences between senior policy-makers, regulators and market participants from all countries in the region.
The objectives of the roundtable are to provide:
- a forum for the exchange of experiences between senior policy makers, regulators and market participants;
- research, policy advice and practical input to promote good corporate governance policies and practices consistent with the G20/OECD Principles of Corporate Governance.
Its participants include government officials and stakeholders from Argentina, Bolivia, Brazil, Chile, Costa Rica, Colombia, Dominican Republic, Ecuador, Italy, Mexico, Panama, Peru, Spain and additional OECD countries.
Why is corporate governance important?
The OECD provides guidance to governments and securities regulators on corporate governance. Carmine Di Noia, OECD Director for Financial and Enterprise Affairs, explains why good corporate governance is important.
Sustainability policies and practices for corporate governance in Latin America
Most asset managers investing in Latin America review their portfolio companies' sustainability disclosure.
While not every country requires listed companies to disclose an annual sustainability report, companies representing 83% of the region's market capitalisation disclose sustainability information. Among them, more than two-thirds of companies by market capitalisation hire a third party to conduct an external assurance of the report (typically by an audit firm and with a limited level of assurance).
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Related publications
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G20/OECD Principles of Corporate Governance 2023 11 September 2023
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OECD Corporate Governance Factbook 2023 11 September 2023
Related policy issues
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Corporate governance guides how a company is directed and its relationships with its shareholders and stakeholders. With the right structure and systems in place, good corporate governance enables companies to create an environment of trust, transparency and accountability, which promotes long-term patient capital and supports economic growth and financial stability. OECD work on corporate governance is guided by the G20/OECD Principles of Corporate Governance, the global standard in this area.Learn more
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Sustainable finance integrates environmental, social and governance (ESG) information into the decision-making processes of companies and financial institutions. It is an important tool for managing risks, enhancing long-term financial returns and meeting investors’ demands for a more sustainable economy.Learn more
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Corporate sustainability entails integrating environmental and social considerations into a company's business strategy and operations. It fosters sound governance and decision-making and helps investors better understand a company's long-term risks and opportunities. The OECD aims to promote regulatory frameworks and company practices that foster corporate sustainability.Learn more