Guidelines for a Latin American Code of Corporate Governance
Abstract
The corporate governance of a company is a system
composed of a set of principles, rules, and practices that
regulate the relationship between those who provide
resources and those who manage them. All this is accompanied
by a culture of good practices, which generates the
appropriate conditions for the principles and standards
adopted by the company to be effectively applied in the
management decision-making process.
Thus, the implementation of a governance model that
protects the interests of the owners and considers those
of the different stakeholders must be adjusted to the
organization’s actual situation. It should clearly define roles
and responsibilities among shareholders, the Board of
Directors and upper management, and ensure that the
decisions made have a goal of creating long-term sustainable
value as well as an alignment with good environmental and
social practices with high ethical standards.
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Subject
Country / Region
Date
2024-05-08Cite this publication
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Author
Oneto, AndrésRojas, Catalina