Cybersecurity and the role of the Board of Directors in Latin America and the Caribbean

ECLAC Production Development Series No. 225 Sept 4, 2020 


This paper presents and discusses the relation between cybersecurity and corporate governance in the context of Latin America and the Caribbean. It notes that progress has been made in improving corporate cybersecurity within the region mostly from a data protection perspective, either as a result of internally driven or regulatory motivated corporate initiatives, but that not enough headway has been made regarding the cyber risks affecting critical infrastructure and essential services in the hands of private or State-owned companies. The paper describes some of the best corporate governance practices and guidance for boards of directors to address cybersecurity issues, as well as a selection of the regulatory incentives that lawmakers and regulators are deploying to incentivize boards to adopt proper cyber risk management. Three case studies are presented as examples of these types of policy interventions in the region.

Corporate governance and data protection in Latin America and the Caribbean

ECLAC Production Development Series No. 223 Jun 7, 2019 


This paper describes and discusses the relation between cybersecurity and corporate governance with a special interest on data protection in Latin America and the Caribbean. The motivation for the work resides in the growing role that data protection and privacy laws and regulations in developed countries reserve for corporate governance. These laws increasingly assign responsibilities to boards of directors and management with the expectation to incentivize firms to take data protection seriously in the face of cybersecurity and privacy risks. The paper presents these new rules and explores their current and potential use in the region, focusing on the rules and practices on data protection by Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. The paper was commissioned by the United Nations’ Economic Commission for Latin America and the Caribbean, ECLAC.

Flexibility and proportionality in corporate governance

OECD Publishing Nov 6, 2018

This report provides an assessment of some of the flexibility and proportionality arrangements available within the national corporate governance frameworks of 39 jurisdictions, including in-depth case studies of the United Kingdom; Sweden; Italy; Japan; the United States of America, and Portugal. It is based on a 2017 questionnaire that all participating jurisdictions responded and covers seven areas of regulation: pre-emptive rights; board composition, board committees and board member qualifications; say on pay and the detail of disclosure on remuneration; related party transactions; disclosure of periodic financial information and ad-hoc information; major shareholding disclosure, and takeovers.

Shareholder engagement: The state of play

ICSA Jul 2018


This report by the ICSA, prepared in collaboration with the OECD, looks at the state of play on shareholder engagement, taking the perspective of issuers. It is based on a survey of 116 companies in ten jurisdictions (Australia; Brazil; Chile; Italy; Japan; Hong Kong, China; South Africa; Sweden; United Kingdom; and the United States), backed up by interviews with companies and investors.

Review of the corporate governance of State-owned enterprises of Argentina

OECD Publishing May 2018 


This report evaluates the corporate governance framework for the Argentinian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. It was prepared at the request of the Republic of Argentina based on information as of 31 December 2017 that was volunteered by the Argentinian authorities and independently researched by the OECD Secretariat. The report was approved for publication by the OECD Working Party on State Ownership and Privatisation Practices in March 2018.

Gobierno corporativo y confianza

Centro de Gobierno Corporativo, Pontificia Universidad Católica de Chile Marzo 2018

Columna de opinión que describe la relación entre la confianza y el gobierno corporativo sobre la base de recientes estudios e iniciativas que han arrojado luz sobre los desafíos que los marcos de gobernanza deben superar para prevenir la mala conducta empresarial.

In governance we trust

Ethical Boardroom Magazine December 2017 


Article outlining the relation between trust and corporate governance and some recent studies and initiatives that had shed light into the challenges that governance frameworks have to overcome to prevent corporate misconduct.