Corporate Governing in Latin America: The Importance of Scandals to Institute Change

by Jonathan Callund (Editor), Gonzalo Jimïnez-Seminario (Editor), Neil Pyper (Editor)

Overview

Grounded in institutional theories, this volume offers a framework for understanding the evolution of corporate governance in the six leading Latin American countries, namely Argentina, Brazil, Chile, Colombia, Mexico, and Peru.

Applying inductive qualitative methods, it postulates the notion of governing as a dynamic, emergent and contextual process and traces its evolution and adaption to the different configurations of institutional logics in each country and the region as a whole over several decades.

Adopting corporate governance scandals as the lens through which to observe institutional change in each country, this book reveals the sources of societal transformations, identifying key lessons as well as meaningful setbacks along the way.

This edited collection helps appreciate the role and interactions of corporate elites, stakeholders and watchdogs, including the visible hands of government and multinational corporations, presenting comparisons across the countries, the region and the broader evolution of governing practices around the globe.

The result is a book combining scholarly rigor and practical relevance, looking to serve as an emerging markets benchmark guide for practitioners, researchers and thinktanks alike.

Product Details

ISBN-13:	9783030857820
Publisher:	Springer International Publishing
Publication date:	12/31/2022
Edition description:	1st ed. 2023
Pages:	400
Product dimensions:	5.83(w) x 8.27(h) x 0.00(d)

About the Author

Jonathan Callund is Independent Nominee Director for IFC and financial services corporations in Europe and Latin America, and he is CEO Callund y Compañía Ltda. Partner, MC² Salud.

Gonzalo Jiménez Seminario is Professor of Governance, Strategy & Family Business in the Engineering School at Pontificia Universidad Católica de Chile, Chile. He is CEO at PROTEUS Management, Governance & Effectuation. He is Independent Board Member.

Neil Pyper is Assistant Dean (Education) and Senior Lecturer in International Business, School of Business, Economics and Informatics, Birkbeck, University of London, UK.

Table of Contents

Chapter 1: Introduction.- Chapter 2: The Institutional Construction of Corporate Governance.- Chapter 3: Corporate Governance Evolution in Chile.- Chapter 4: Corporate Governance Evolution in Argentina.- Chapter 5: Corporate Governance Evolution in Brazil.- Chapter 6: Corporate Governance Evolution in Colombia.- Chapter 7: Corporate Governance Evolution in Mexico.- Chapter 8: Corporate Governance Evolution in Peru.- Chapter 9: Corporate Governance in Latin America: Prospective Analysis & Outlook.

What People are Saying About This

From the Publisher

“This book is clearly the new reference on corporate governance research in Latin America. It has many layers to it. While it describes the main theoretical approaches, it also stimulates the reader by showing how different corporate scandals in Latin America have shaped these country’s corporate governance practices. Then it turns to a systematic discussion of six countries’ corporate governance systems based on its legal system and existing governance practices and it also has a sharp analytical perspective in forecasting what’s in the future. Thus, this book is targeted to academic as well as practitioners who want to understand better the past, present and future of corporate governance in Latin America.” (Professor Ruth V. Aguilera, Brodsky Professor of Global Governance, Northeastern University)

“Most of the world’s thriving businesses are owned by families or a state. But you wouldn’t know that from the overwhelming focus of global corporate governance scholarship, whichhas for years been trained on the escapades of publicly traded enterprises in big developed markets. Finally the aperture is widening, thanks in no small part to Corporate Governing in Latin America - The Importance of Scandals to Institute Change, edited by Jonathan Callund, Gonzalo Jiménez-Seminario, and Neil Pyper. The authors keep academics happy with solid theory about what distinguishes one market from another. For practitioners—that is, investors, companies, or executives—this book is a gold mine of real-world insights on how corporate governance works, or doesn’t, across six Latin American markets. One key finding: Scandal, sometimes at monstrous scale, plays an outsized role in driving change in each country. But this makes the region a crucible of global significance: eruptions are what happens when entrenched power faces the shock troops of global capitalism in the form of foreign financial agents, international standards, probing media. The outcomes of such clashes are what now shape Latin America’s corporate future. Callund, Jiménez-Seminario, Pyper, and their many chapter authors are the indispensable guides we need to understand and navigate it.” (Professor Stephen Davis, Senior Fellow and Associate Director, Harvard Law School - Program on Corporate Governance)