Corporate Governance in Chile 2010

image of Corporate Governance in Chile 2010

This review of corporate governance in Chile describes the corporate governance setting including the structure and ownership concentration of listed companies and the structure and operation of the state-owned sector. It then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented.


Corporate Governance Review

Chile, with one of the highest market capitalisation levels in Latin America and a relatively small but visible state-owned sector, has seen increasing attention devoted to corporate governance in recent years. The government submitted three important legislative proposals to the Congress to improve private sector and public sector governance during the last two years, two of which were approved by Congress in the second half of 2009. A fourth, related proposal on capital market reform was submitted to Congress in September 2009.


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