This publication highlights the challenges, priorities and tangible benefits of adopting leading corporate governance practices in the region. The publication offers a first look at Latin American company results during the recent period of financial crisis showing that firms recognized for better corporate governance practices suffered less damage than average listed Latin American companies. It also provides empirical research over previous years showing better operational and market results for the corporate governance-focused firms than for other Latin American companies, and extensive hands-on guidance and relevant examples aimed at supporting companies’ efforts to improve their governance practices.
The publication was developed by the Latin America Companies Circle, a group of 12 Latin American firms recognized for their corporate governance leadership in the region – with the support of IFC, Organisation for Economic Cooperation and Development and the IFC Global Corporate Governance Forum. The companies are Argos, CCR, CPFL Energia, Embraer, Ferreyros, Homex, ISA, Marcopolo, Natura, NET, Suzano, and Ultrapar. The circle was established by the Latin American Roundtable on Corporate Governance, a joint initiative of OECD and the World Bank Group, and supported by the Forum.