Corporate governance developments in the Latin American Andean region

  • Maria Crisitna Mina

    Student thesis: Doctoral ThesisDoctor of Philosophy

    Abstract

    Due to the globalisation trend, notable changes have pushed a distinctive interest in addressing corporate governance problems; either in emergent economies of Asia and Latin America Countries or in the transitional economies that spread over Eastern Europe. Further, a series of corporate scandals, in the US and Europe, has undermined confidence in both public company executives and the auditors. Formulating effective corporate governance measures is a complex task for legislators.The purpose of this study is to determine whether governance is seen from a broad stakeholder perspective in the Latin American Andean region (Bolivia, Colombia, Ecuador, Peru, and Venezuela) and also to provide an in depth analysis and comparison of the reasons organisations in the region want to implement corporate governance principles, whether it is because their want to be accountable to their stakeholders or because they want to show their legitimacy. The non-binding OECD 2004 principles of corporate governance conjunction with the CAF (Andean Development Corporation) will be utilised in the study as an benchmark. The study has generated significant information about the corporate governance challenges facing listed companies trading in the Latin America’s Andean region. It is hoped that the research results will serve as an aid to better focusing the future policy dialogue in the region. It is anticipated in this sense they will facilitate upcoming analysis and debate.
    Date of Award2011
    LanguageEnglish
    Awarding Institution
    • University of Dundee
    Add any sponsors of the thesis researchThe Institute of Chartered Accountants of Scotland
    SupervisorChristine Helliar (Supervisor) & Elizabeth Monk (Supervisor)

    Keywords

    • Corporate governance

    Cite this

    Corporate governance developments in the Latin American Andean region
    Mina, M. C. (Author). 2011

    Student thesis: Doctoral ThesisDoctor of Philosophy