Brazil is steadily investing in the creation of rules and regulations to converge to governance standards already consolidated in developed countries. Complying with these international standards is indispensable if Brazilian companies intend to operate on a global scale.
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This study surveys the corporate governance landscape and sets out recommendations from across 8 key issues relevant to board effectiveness: board duties; handling of conflicts of interest; selection and structure criteria; criteria for independence; board committees; Chairman/CEO separation; board risk management; and board evaluation.
Latin America has a major role to play in building a new international financial and economic system, since it has accumulated substantial experience in managing financial crises and recovery programs, according to the OECD Secretary-General.
El papel de América Latina en la construcción de un nuevo sistema financiero y económico internacional tiene que ser relevante. La experiencia acumulada en la gestión de crisis financieras y programas de recuperación en la región es importante, según el Secretario general de la OCDE.
The first meeting of the Latin American Corporate Governance Roundtable was held in São Paulo, Brazil 26-28 April, 2000. The Roundtable was co-hosted by the São Paulo Stock Exchange (Bovespa) with the support of the Securities and Exchange Commission of Brazil and the Brazilian Institute of Corporate Governance.