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The Private Sector Perspective Session 2 Marcos E. J.Bertin FUNDECE. The Latin American Corporate Governance Roundtable Sao Paulo, 26-28 April, 2000. Governance Project IDEA-FUNDECE February-May 2000. What is being done in selected countries. Board Best Practices.
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The Private Sector PerspectiveSession 2Marcos E. J.BertinFUNDECE The Latin American Corporate Governance Roundtable Sao Paulo, 26-28 April, 2000 Dr. Marcos E. J. Bertin
Governance ProjectIDEA-FUNDECEFebruary-May 2000 • What is being done in selected countries. Board Best Practices. Introduction and acceptance • Situation in Argentina. Obstacles and drivers Dr. Marcos E. J. Bertin
Governance ProjectIDEA-FUNDECEJune-September 2000 • What should we do in Argentina Interview incumbents for consensus • Final report with a strategy and action plan Dr. Marcos E. J. Bertin
Drivers • Attract and retain financial resources. • Improve competitiveness • Increase company value Dr. Marcos E. J. Bertin
Obstacles • “common law” vs. “civil law” • Wholly owned companies, family and other • Accounting practices Dr. Marcos E. J. Bertin
Success cases • Zucamor • Office net • Repsol YPF Dr. Marcos E. J. Bertin
Repsol-YPF Please attend tomorrow from 14.30-16.00 Session 3, Corporate Governance Practices. Presentation: Alejandro Etchart, VP of Spencer & Stuart, Argentina Dr. Marcos E. J. Bertin
Conclusion • Board Best practices- Good for the business • But only a shopping list. Apply what is necessary • Private sector has to do it at their own initiative • Government to apply in their own organizations Dr. Marcos E. J. Bertin