Strengthening Latin American Corporate Governance
The Role of Institutional Investors
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance. It seeks to encourage the emergence of active and informed owners as an important lever for influencing better corporate governance, adapted to the Latin American context.
Foreword
Following the global financial crisis, institutional investors have been under an increasingly intense spotlight concerning their role – or absence – as active and informed shareholders. The corporate governance failures of boards as well as shareholder oversight that helped contribute to the crisis have triggered a renewed focus not only on the role that institutional investors may play in supporting better governance practices, but also on the policy and regulatory framework that may facilitate or encourage such a role.