Posts Tagged 'Latin American Companies Circle'

Importantes Empresas Latinoamericanas se unen para discutir el gobierno corporativo en grupos de empresas

13-09-16 AGM2

Buenos Aires, 20 de septiembre de 2013 – Altos representantes de algunas de las principales empresas de América Latina se reunieron este lunes y martes pasado para promover la importancia de un amplio y sólido marco de gobierno corporativo para los grupos de empresas en la región. En los próximos meses, el Círculo de Compañías de América Latina—una iniciativa apoyada por la Corporación Financiera Internacional—publicará un informe con buenas prácticas de gobierno corporativo recomendadas para grupos de empresas.

13-09-17 ARE (9)

“Los eventos en Buenos Aires permitieron a los miembros del Círculo, representados por presidentes, directores, CEOs, CFOs y CLOs, compartir prácticas de gobierno corporativo entre sí, y también con otros colegas en Argentina,” comenta Santiago Chaher, Coordinador del Círculo. “Cuando se trata de grupos de empresas, el marco de aplicación de gobierno corporativo se hace más complejo y hay temas especiales por considerar, tales como los canales de información, las prácticas para nombrar directores, la forma en que se comparten servicios, o el sistema de control interno que varía en eficacia dependiendo de si hay otros socios en las subsidiarias o no,” explica Chaher.

La décimo primera reunión anual del Círculo de Compañías tuvo lugar en el Club Americano de Buenos Aires, Argentina el lunes 16 de septiembre. Como en años anteriores, se realizaron presentaciones sobre una variedad de temas de gobierno corporativo, tales como ética y compliance, y diversidad de la Junta Directiva. La empresa constructora peruana, Grupo Graña y Montero, presentó a los miembros detalles extensos acerca del proceso por el cual llego a listar en la Bolsa de Comercio de Nueva York y sobre cómo dicho proceso afectó las prácticas de gobierno corporativo de la compañía.

Como parte de estos eventos, por primera vez el Círculo de Compañías organizó un desayuno para Presidentes de Juntas Directivas en la mañana del 16 de septiembre. El mismo contó con la presencia de siete Presidentes de empresas multinacionales argentinas, así como los Presidentes de cinco de las compañías miembros del Círculo. Los participantes examinaron el papel de los presidentes y la forma de mejorar y fortalecer las prácticas de la Junta.

13-09-17 ARE (11)

Al día siguiente, el Círculo de Compañías celebró la jornada “Experiencias de Gobierno Corporativo en Latinoamérica” en la Bolsa de Comercio de Buenos Aires. El evento contó con la asistencia de más de 120 empresarios de compañías argentinas que pudieron escuchar y preguntar a dos paneles conformados por ejecutivos de compañías miembros del Círculo.

13-09-16 AGM panel2.2

El éxito de estos eventos se debió además a la gran variedad de logros del Círculo durante todo el año, incluyendo una nueva página web (www.companiescircle.org) y una cuenta de Twitter (@companiescircle) que promueve dichos logros.

Entre los sponsors de la reunión anual del 16 de septiembre podemos nombrar a la Corporación Financiera Internacional (IFC), AmCham Argentina, y los co-anfitriones, Grupo Los Grobo y Natura Cosméticos, junto con el apoyo de la Organización para la Cooperación y el Desarrollo Económico (OCDE). El evento de Experiencias de Gobierno Corporativo en Latinoamérica contó con el apoyo del Instituto de Gobernanza Empresarial y Pública (IGEP), Instituto para el Gobierno Corporativo (IAGO), Fundación FLOR, BDO, Price Waterhouse Coopers, Asociación Empresaria Argentina (AEA) y Cefeidas Group.

Sobre el Círculo de Compañías Latinoamericanas: El Círculo de Compañías es un grupo de 15 empresas de América Latina líderes en la promoción e innovación de mejores prácticas de gobierno corporativo en la región. Son miembros del Círculo: Grupo Los Grobo (Argentina); Grupo Algar, CPFL Energia, Embraer, Natura y Ultrapar (Brazil); Grupo Argos, Carvajal e ISA (Colombia); Florida Ice & Farm Co. (Costa Rica); Homex y Grupo Compartamos (México); Buenaventura, Ferreycorp y Grupo Graña y Montero (Perú). Para obtener más información, visite www.companiescircle.org.

CompaniesCircle LogosV4

Sobre IFC: La Corporación Financiera Internacional, miembro del Grupo Banco Mundial, es la institución de desarrollo más grande del mundo, enfocada exclusivamente en el sector privado. Trabajando con empresas privadas en más de 100 países, IFC usa su capital, experiencia e influencia para ayudar a eliminar la pobreza extrema y promover la prosperidad. En el Año Fiscal de 2013, sus inversiones ascendieron a un máximo histórico de casi 25 mil millones dólares, aprovechando el poder del sector privado para crear puestos de trabajo y hacer frente a los retos de desarrollo más urgentes del mundo. Para obtener más información, visite www.ifc.org.

Top Latin American Corporations Join to Discuss Corporate Governance in groups of companies

13-09-16 AGM2

Buenos Aires, September 20, 2013 — Senior representatives from some of the leading corporations in Latin America turned out this past Monday and Tuesday to promote the importance of robust and comprehensive corporate governance frameworks for groups of companies in the region. The Latin American Companies Circle – an International Finance Corporation-supported initiative – is expected to release a report in the following months outlining recommended best practices and improvements to the foundations behind corporate governance within company groups.

13-09-17 ARE (9)

“The events in Buenos Aires not only allowed the Circle members, represented by Chairmen, Board members, CEOs, CFOs and CLOs, to share good and innovative corporate governance practices among themselves but also they were able to get that information out to other peers in Argentina” says Santiago Chaher, the Circle Coordinator. “When it comes to the issue of group of companies, the corporate governance framework becomes more challenging and there are special themes to consider such as reporting, practices to appoint directors, the way they share services, or the internal control system which varies in effectiveness depending on whether the subsidiaries are partially or wholly-owned” explains Chaher.

The two-day event started with enthusiastic discussions at the Companies Circle’s eleventh annual meeting–exclusively for Circle members—held at the American Club in Buenos Aires, Argentina on Monday, September 16th.  As with previous years, presentations were delivered on a variety of corporate governance topics including compliance and ethics, and Board diversity. Peruvian construction giant, Grupo Graña y Montero, provided members with comprehensive details behind its journey to being listed on the New York Stock Exchange and how the process impacted the company’s corporate governance practices.

A first for the annual meeting, the Companies Circle hosted a Chairmen’s working breakfast the morning of September 16th, including Chairmen of the Board from seven different Argentine multinational corporations, as well as five Chairs from various Companies Circle member companies. Participants reviewed the role of Chairs and how to improve and strengthen Board of Director practices.

13-09-17 ARE (11)

The Awareness Raising Event, hosted by the Buenos Aires Stock Exchange the following day, presented two panels on corporate governance practices to over 120 businessmen from local Argentine companies. The panels included heads from Companies Circle member’s companies, presenting progressive insight into their experiences with corporate governance practices in Latin America and within a conglomerate company. The event showcased the Circle’s accomplishments over the past year and emphasized the necessity of enhancing corporate governance practices to its audience.

13-09-16 AGM panel2.2

The success of the annual meeting attributes to the variety of Companies Circle achievements throughout the year, including a new webpage (www.companiescircle.org) and twitter account (@companiescircle).

Sponsors of the September 16th annual meeting included the International Finance Corporation (IFC), AmCham Argentina, and co-hosts Grupo Los Grobo and Natura Cosmeticos with the support of the Organisation for Economic Co-operation and Development (OECD). The Awareness Raising Event was supported by Insituto de Gobernanza Empresarial y Publica (IGEP), Instituto para el Gobierno Corporative (IAGO), Fundacion FLOR, BDO, Price Waterhouse Coopers, Asociacion Empresaria Argentina (AEA) and Cefeidas Group.

Continue reading ‘Top Latin American Corporations Join to Discuss Corporate Governance in groups of companies’

Companies Circle Case Studies – Part 1

CSpart1

Part 1

Companies Circle Case Study Part 1 of the publication presents the experiences of five leading companies in Latin America – CPFL Energia, Grupo Algar, Grupo Graña y Montero, Grupo Los Grobo and Ultrapar – in reforming and improving how their firms are governed, and the results these changes have achieved.

Parts 2 and 3, examining other members’ corporate governance history and improvements, will be published separately in the coming weeks.

The Latin American Companies Circle is a unique initiative launched in May 2005 in Sao Paulo, Brazil. The 15-member Companies Circle brings together a group of leading Latin American companies who have adopted good corporate practices in order to provide private sector input into the work of corporate governance regional development and to share their experiences with each other and other companies in the region and beyond. Download publicatrion here.

Companies Circle: “Practical and Hands-On” Guidance from Private Sector Leaders

What makes board directors and top executives from 19 leading Latin American companies carve out two or three days from their busy schedules—every year?

The Latin American Companies Circle held its sixth annual meeting in November in Lima, Peru. Participants reviewed two draft reports (on annual general meeting practices and on board evaluations), discussed case studies of good-practice corporate governance reforms by its members, and set the 2012 agenda.

The Companies Circle is an initiative of the Latin American Roundtable and is supported by IFC, the OECD, and the Forum. Established in 2005, it quickly earned a reputation as one of the region’s most vibrant and effective advocates for good corporate governance. The Companies Circle provides private sector input into the work of the Roundtable and, increasingly more important, a forum where directors and top executives can frankly discuss corporate governance issues of common concern and share practical solutions.

“What makes the Companies Circle unique is the sharing of experiences by its members with one another but also with companies throughout Latin America,” says… (continue reading)

The Latin American Companies Circle expands and focuses on Boards and AGMs

by Santiago Chaher for Corporate Governance Leaders, October 20, 2010

The Companies Circle is a unique initiative launched in 2005 in São Paulo, Brazil on the recommendation of the Latin American Corporate Governance Roundtable, with support from the OECD, the International Finance Corporation and the Global Corporate Governance Forum. It brings together a group of Latin American companies who have adopted good corporate governance practices in order to provide private sector input into the work of the Roundtable; and to share with each other and the public their experiences in an action plan to showcase how leading Latin American companies can implement good corporate governance, and the benefits their firms have experienced from undertaking these improvements.

In 2010 the Circle decided to enlarge its membership for the first time since the most recent member joined in 2007. This decision was taken by the Circle’s existing 13 members at the annual meeting in September 2009. During today’s meeting at the Bolsa do Rio de Janeiro the Circle approved its expansion to 20 members of which a total of 18 were able to attend to the event. The new members are Banco Compartamos (Mexico), Algar, Bematech, Brasil Foods (Brazil) Grana & Montero (Peru), Los Grobo (Argentina) and Florida Ice & Farm (Costa Rica).

The founding members of The Circle are Argos from Colombia, Buenaventura from Peru, CCRCPFLNaturaNETSuzano and Ultrapar, from Brazil. Joining the Circle in June 2006 were Embraer and Marcopolo of Brazil, Grupo ISA of Colombia and Ferreyros of Peru. Homex of Mexico became the 14th member in October 2007.

During today’s Annual Meeting the Companies Circle also decided to  continue with their two working groups on Boards and AGMs with the support of the OECD and GCGF as coordinators.

The Benefits of Good Corporate Governance

by Anna Nadgrodkiewicz, CIPE Development Blog, September 15, 2009.

A recent IFC publication “Practical Guide to Corporate Governance: Experiences from the Latin American Companies Circle” provides very useful lessons on why corporate governance is important to business performance and what companies can do to improve their governance. The guide focuses on 14 Latin American firms that are members of the so-called Companies Circle launched in 2005 to provide private sector input into the work of the Latin American Corporate Governance Roundtable. The member companies have demonstrated commitment to good corporate governance practices and in this guide they share their experiences.

From initial motivation for undertaking corporate governance reform through tangible benefits that it brings, the journey that businesses make to achieve change is not always easy. But the rewards are there to compensate for the efforts – and they are equally applicable around the world…(continue reading)

Audio of the book launch: Practical Guide to Corporate Governance: Experiences from the Latin American Companies Circle

by Council of the Americas, September 8, 2009.

On September 8, AS/COA hosted the launch Practical Guide on Corporate Governance: Experiences from the Latin American Companies Circle in collaboration with the Organization for Economic Cooperation and Development (OECD), the Global Corporate Governance Forum, the International Finance Corporation and the Companies Circle.

Panelists:

  • Atul Metha, Director for Latin America and the Caribbean, International Finance Corporation
  • Sandra Guerra, Coordinator, Companies Circle
  • Mike Lubrano, Managing Director, Corporate Governance, Cartica Capital
  • Stephen Davis, Project Director, Millstein Corporate Governance Center
  • Juan Pajuelo, Senior Analyst, Latin American & Iberian Markets at Institutional Shareholders Services, Risk Metrics
  • Ira Millstein, Senior Partner, Weil, Gotshal & Manges

To download the audio click here.


Blog coordinator

Cefeidas Group

Archives

cgl-med-linked-in

cgl-med-linked-in
free counters