Corporate Governance in Colombia

This review of Corporate Governance in Colombia was prepared as part of the process of Colombia's accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The review then examines the legal and regulatory fr...

Full description

Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2017
Series:Corporate Governance
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 02902nmm a2200265 u 4500
001 EB001813617
003 EBX01000000000000000980063
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180415 ||| eng
020 |a 9789264281134 
245 0 0 |a Corporate Governance in Colombia  |h Elektronische Ressource  |c Organisation for Economic Co-operation and Development 
260 |a Paris  |b OECD Publishing  |c 2017 
300 |a 128 p.  |c 21 x 28cm 
505 0 |a Executive summary -- Colombia's corporate governance landscape -- Conclusions and recommendations for Colombia's corporate governance framework -- Colombian SOEs with between 10% and 50% direct or indirect ownership (USD in thousands) -- Colombian enterprises that do not report to the CHIP systembut of which the state has direct ownership (USD in thousands) -- Foreword -- Introduction to the corporate governance review of Colombia -- Review against Core Corporate Governance Principles -- Colombian SOEs with at least 50% national direct or indirect ownership (USD in thousands) -- Colombian enterprises with less than 10% direct or indirect government ownership (USD in thousands) 
653 |a Colombia 
653 |a Governance 
710 2 |a Organisation for Economic Co-operation and Development 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
490 0 |a Corporate Governance 
028 5 0 |a 10.1787/9789264281134-en 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/9789264281134-en  |x Verlag  |3 Volltext 
082 0 |a 320 
520 |a This review of Corporate Governance in Colombia was prepared as part of the process of Colombia's accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented. The review finds that Colombia's framework for the corporate governance of listed companies is largely consistent with the Principles, although some companies have been reluctant to implement some of the good practices recommended in Colombia's national corporate governance code. For SOEs, the report recognises substantial reforms undertaken during the review process to adopt an ambitious national ownership policy. Reforms have included establishing an ownership co-ordination unit and more transparent reporting on SOE performance, and removing ministers from SOE boards and establishing more transparent board nomination processes aimed at enhancing the qualifications of board members. The report seeks continuing efforts to consolidate these reforms and to implement plans announced in the national ownership policy