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This session discusses the corporate governance practices in selected countries, focusing on the situation in Argentina. It examines the obstacles, drivers, and success cases, and provides recommendations for improving competitiveness and enhancing company value.
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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