Sustainability Policies and Practices for Corporate Governance in Latin America offers a comprehensive account of the main trends and issues related to sustainability policies and practices for corporate governance in the region. It informs policy makers, regulators and market participants on some of the most relevant factors they may consider when assessing whether their national corporate governance frameworks adequately respond to investors’ and companies’ demands related to sustainability.
Through key policy recommendations, this report supports the development of the region's frameworks for disclosure, the responsibilities of company boards of directors, and shareholder rights in alignment with the G20/OECD Principles of Corporate Governance (G20/OECD Principles). The G20/OECD Principles are the leading international standard in the field of corporate governance. They are currently under review, and the key policy recommendations in this report do not aim to anticipate guidance that may be eventually included in the revised G20/OECD Principles.
This report was authored by Adriana De La Cruz and Lizeth Palencia under the supervision of Caio de Oliveira, all from the Corporate Governance and Corporate Finance Division of the OECD Directorate for Financial and Enterprise Affairs. It benefits from discussions within the OECD‑Latin America Corporate Governance Roundtable and incorporates comments from its members. The authors are grateful for the capital markets regulators from Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, and Peru, who have invested significant time in providing information for this report.