Corporate Governance in Costa Rica
Author : Oecd
Publisher : Org. for Economic Cooperation & Development
Page : 136 pages
File Size : 19,64 MB
Release : 2020-10-02
Category :
ISBN : 9789264834071
Author : Oecd
Publisher : Org. for Economic Cooperation & Development
Page : 136 pages
File Size : 19,64 MB
Release : 2020-10-02
Category :
ISBN : 9789264834071
Author :
Publisher :
Page : 136 pages
File Size : 23,27 MB
Release : 2020
Category :
ISBN : 9789264536524
This review of Corporate Governance in Costa Rica was prepared as part of Costa Rica's accession process for OECD membership. During the three-year period of the review, the government made substantial progress in strengthening its institutional and legal framework in line with the G20/OECD Principles of Corporate Governance and OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The report evaluates Costa Rica's corporate governance policies and practices for both listed and state-owned companies. It finds that while Costa Rica's capital market is quite small, its framework for corporate governance of listed companies is largely consistent with the Principles. Costa Rica has seen particular progress in issuing a new corporate governance code and requirements related to ownership disclosure. For SOEs, which play a key role in the Costa Rican economy, the Presidency has taken important steps to establish a co-ordinating unit which has spearheaded numerous reforms. These reforms include issuing a government ownership policy, more transparent and structured appointments of SOE board members (while removing politicians from boards), and reporting on SOEs' performance. To further strengthen SOE performance and accountability, the report recommends additional steps to improve board practices, clarify performance objectives and implement International Financial Reporting Standards.
Author : OECD
Publisher : OECD Publishing
Page : 137 pages
File Size : 34,40 MB
Release : 2020-10-07
Category :
ISBN : 9264458921
This review of Corporate Governance in Costa Rica was prepared as part of Costa Rica’s accession process for OECD membership. During the three-year period of the review, the government made substantial progress in strengthening its institutional and legal framework in line with the G20/OECD Principles of Corporate Governance and OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs).
Author :
Publisher :
Page : 136 pages
File Size : 22,81 MB
Release : 2020
Category :
ISBN : 9789264486119
This review of Corporate Governance in Costa Rica was prepared as part of Costa Rica's accession process for OECD membership. During the three-year period of the review, the government made substantial progress in strengthening its institutional and legal framework in line with the G20/OECD Principles of Corporate Governance and OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The report evaluates Costa Rica's corporate governance policies and practices for both listed and state-owned companies. It finds that while Costa Rica's capital market is quite small, its framework for corporate governance of listed companies is largely consistent with the Principles. Costa Rica has seen particular progress in issuing a new corporate governance code and requirements related to ownership disclosure. For SOEs, which play a key role in the Costa Rican economy, the Presidency has taken important steps to establish a co-ordinating unit which has spearheaded numerous reforms. These reforms include issuing a government ownership policy, more transparent and structured appointments of SOE board members (while removing politicians from boards), and reporting on SOEs' performance. To further strengthen SOE performance and accountability, the report recommends additional steps to improve board practices, clarify performance objectives and implement International Financial Reporting Standards.
Author : Gilberto E. Arce
Publisher :
Page : 80 pages
File Size : 27,36 MB
Release : 2005
Category : Corporate governance
ISBN :
This paper examines corporate governance practices in Costa Rica. First, it estimates corporate governance charter measures using firm-level data for 87 Costa Rican firms and studies their impact on the firms' performance; here, the mean of the corporate governance charters for the publicly traded firms is equal to 56.14. Second, new evidence is presented on de jure and de facto corporate governance charter measures at the firm level and on their effect on the performance of the firm. The results indicate that de facto corporate governance is better than de jure corporate governance. These results suggest that firms must implement a set of additional measures to compensate for the weakness of the legal environment. Also, evidence is presented that better corporate governance and charter measures are associated with superior firm performance. Third, this paper examines the final controllers of publicly and non-publicly traded firms and links them with their dividend policies. Family firms are common in Costa Rica and are not necessarily linked to better firm performance. Fourth, the ownership evolution of Costa Rican firms is studied. Finally, changes in the Commercial Code are examined from a good corporate governance practices view.
Author : OECD
Publisher : OECD Publishing
Page : 86 pages
File Size : 13,95 MB
Release : 2023-01-20
Category :
ISBN : 9264966013
This report serves to support the development of Latin America’s legal and regulatory frameworks for sustainability disclosure, the responsibilities of company boards and shareholder rights. The report presents the results of two OECD surveys on sustainability practices of listed companies and asset managers in the region.
Author : OECD
Publisher : OECD Publishing
Page : 200 pages
File Size : 35,93 MB
Release : 2023-09-11
Category :
ISBN : 9264479678
The OECD Corporate Governance Factbook provides easily accessible and up-to-date information on the institutional, legal and regulatory frameworks for corporate governance across 49 jurisdictions worldwide. Issued every two years, the Factbook complements the G20/OECD Principles of Corporate Governance and serves as a useful tool to track how the Principles are being implemented.
Author :
Publisher :
Page : 139 pages
File Size : 31,61 MB
Release : 2015
Category :
ISBN :
Author : OECD
Publisher : OECD Publishing
Page : 144 pages
File Size : 10,9 MB
Release : 2018-10-18
Category :
ISBN : 9264201866
Increasing productivity, enhancing social inclusion and strengthening institutions are top priorities for countries in Latin America and the Caribbean, and constitute therefore the three pillars of the OECD LAC Regional Programme. Good public governance and a strong culture of integrity are ...
Author : OECD
Publisher : OECD Publishing
Page : 78 pages
File Size : 13,60 MB
Release : 2011-07-01
Category :
ISBN : 9264116052
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.