Translation in English of Number 1 of the CILEA International Studies series: “Comparative Study of Corporate Governance in Latin Countries”
Corporate governance and social responsibility are key factors in building trust, consolidating the integrity of companies and ensuring the health and stability of the economy.
There are many factors that make governance systems around the world differ. On the one hand, there are the particular aspects of the company itself, such as its capital structure, mechanisms for remunerating executives, decision-making processes and control systems. On the other hand, there are external factors, such as the legal system, the market for corporate control, the executive labour market and the degree of competition. Although the development of governance standards has primarily been headed by the companies listed on capital markets, the issue is important for all types of businesses, including private, family and public sector companies
To gain informed insight and evaluate the Latin experience within the global debate on how governance systems work, the Comité de Integración Latino Europa-América (CILEA) decided to conduct the “Comparative Study of Corporate Governance in Latin Countries”.
Sanctioned by the Board in August 2013 and approved by the General Assembly in December of the same year, this Study has been published as number 2013/1 of the CILEA International Studies series.
The project was conducted in collaboration with the CECCAR and was initially published in its official version in Spanish. In view of the success with which the research was received, it has been translated into English in order to reach a wider audience.
The original version and its translation into English and other languages are available in the publications section of the CILEA website.