A ripe market for corporate governance

Latin American financial institutions, long used to vigilant regulation, have put up little resistance to tightening corporate governance standards. Their boards work within a complex framework. In advanced Brazil, voluntary organisations are ever more involved in perfecting corporate governance strategies, while Colombia, Chile and even Ecuador are working hard to foment better practices. Argentina sits on the sidelines, but, more worryingly, left-leaning Venezuela and Bolivia have ambushed