A ripe market for corporate governance

Financial institutions across Latin America aspire to corporate governance best practices, writes John Rumsey. But while many nations are using governance as a force for good, others have a less healthy approach

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